The $750m venture financing of UiPath was the technology industry’s top future of work venture financing deal as total deals worth $2.19bn were announced globally in February 2021, according to GlobalData’s deals database.
Go deeper with GlobalData
- Embed this chart
Embed this chart into your website
Copy and paste the image source into your website to display the chart.
The value marked an increase of 3.3% over the previous month of $2.12bn and a rise of 161.2% when compared with the last 12-month average, which stood at $838.48m.
Comparing future of work venture financing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $1.89bn. At the country level, the US topped the list in terms of deal value at $1.89bn.
In terms of volumes, North America emerged as the top region for technology industry future of work venture financing deals globally, followed by Europe and then Asia-Pacific.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe top country in terms of future of work venture financing deals activity in February 2021 was the US with 31 deals, followed by the UK with four and Switzerland with two.
In 2021, as of February, technology future of work venture financing deals worth $4.31bn were announced globally, marking an increase of 85.9% year on year.
technology industry future of work venture financing deals in February 2021: Top deals
The top five technology industry future of work venture financing deals accounted for 65.2% of the overall value during February 2021.
The combined value of the top five technology future of work venture financing deals stood at $1.43bn, against the overall value of $2.19bn recorded for the month.
The top five technology industry future of work venture financing deals of February 2021 tracked by GlobalData were:
1) Alkeon Capital, Altimeter Capital Management, Coatue Management, Dragoneer Investment Group, IVP, Sequoia Capital VI and Tiger Global Management’s $750m venture financing of UiPath
2) The $200m venture financing of Highspot by Bain &Inc, ICONIQ Growth, Madrona Venture Group, OpenView Advisors, Salesforce Ventures, Sapphire Ventures, Shasta Ventures Management and Tiger Global Management
3) Highland Europe Fund, Index Ventures and Permira Growth Opportunities Fund’ $180m venture financing of Nexthink
4) The $150m venture financing of Standard Cognition by Charles River Ventures, EQT Ventures Fund, SK Networks, SoftBank Vision Fund II and TI Platform Management
5) Bond Capital Partners (UK), Prologis Ventures, Scale Venture Partners and Tiger Global Management’s venture financing of Locus Robotics for $150m.
