Total technology industry cross border venture financing deals worth $711.33m were announced in the US in November 2020, led by $125m venture financing of Forter, according to GlobalData’s deals database.

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The value marked a decrease of 37.6% over the previous month and a drop of 19.7% when compared with the last 12-month average of $885.61m.

The US held a 21.56% share of the global technology industry cross border venture financing deal value that totalled $711.33m in November 2020.

In terms of cross border venture financing deal activity, the US recorded 43 deals during November 2020, marking a decrease of 17.31% over the previous month and a rise of 2.38% over the 12-month average.

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US technology industry cross border venture financing deals in November 2020: Top deals

The top five technology industry cross border venture financing deals accounted for 52.7% of the overall value during November 2020.

The combined value of the top five technology cross border venture financing deals stood at $375m, against the overall value of $711.33m recorded for the month.

The top five technology industry cross border venture financing deals of November 2020 tracked by GlobalData were:

1) Bessemer Venture Partners, Commerce Ventures Management, Felix Capital Partners, Itai Tsiddon, March Capital Partner, NewView Capital and Sequoia Capital’s $125m venture financing of Forter

2) The $100m venture financing of MindTickle by Canaan, NewView Capital, Norwest Venture Partners, Qualcomm Ventures and SoftBank Vision Fund II

3) Claltech, HV Capital Adviser, Sapphire Ventures, Stripes, Vertex Growth Fund and Vertex Ventures US $60m venture financing of Verbit Software (US)

4) The $50m venture financing of Udemy by Learn Capital and Tencent Holdings

5) ACVC Partners, Clearvision Ventures, GingerBread Capital, Kapor Capital, KTB Network, Microsoft Climate Innovation Fund, Plum Alley Investments, Radicle Impact, Rethink Impact Management, Robert Bosch Venture Capital, Social Capital, Splunk, The Schmidt Family Foundation (USA) and Women’s VC Fund II’s venture financing of Aclima for $40m.