Led by $130m venture financing of Acrew Capital, Aspect Ventures, Coatue Management, Greylock Partners, Lightspeed Management Company, Shlomo Kramer and Singtel Innov8 Ventures, total technology industry cross border venture financing deals worth $821.86m were announced in Middle East and Africa in Q4 2020, according to GlobalData’s deals database.
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The value marked an increase of 91% over the previous quarter and a rise of 22.3% when compared with the last four-quarter average of $679.94m.
Middle East and Africa held a 7.23% share of the global technology industry cross border venture financing deal value that totalled $11.37bn in Q4 2020. With a 6.80% share and deals worth $772.89m, Israel was the top country in Middle East and Africa’s cross border venture financing deal value across technology industry.
In terms of deal activity, Middle East and Africa recorded 66 cross border deals during Q4 2020, marking an increase of 15.79% over the previous quarter and a drop of 1.49% over the last four-quarter average. Israel recorded 40 deals during the month.
Middle East and Africa technology industry cross border venture financing deals in Q4 2020: Top deals
The top five cross border venture financing deals accounted for 50.6% of the overall value during Q4 2020.
The combined value of the top five technology cross border venture financing deals stood at $416m, against the overall value of $821.86m recorded for the quarter.
The top five technology cross border deals of Q4 2020 tracked by GlobalData were:
1) Acrew Capital, Aspect Ventures, Coatue Management, Greylock Partners, Lightspeed Management Company, Shlomo Kramer and Singtel Innov8 Ventures’ $130m venture financing of Cato Networks
2) The $106m venture financing of INUITIVE by Dor Tzafniuk, Shlomo Gadot and Yinniu Microelectronics (Wuxi)
3) CyberStarts, Index Ventures and Insight Partners’ $100m venture financing of Wiz
4) The $45m venture financing of Percepto by Arkin Holdings, Atento Capital, Delek US Holdings, Koch Disruptive Technologies, Spider Capital, State of Mind Ventures, Summit Peak Investments and U.S. Venture Partners (USVP)
5) Greylock Partners and Kleiner Perkins’ venture financing of Apiiro for $35m.
Verdict deals analysis methodology
This analysis considers only announced and completed big data deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.