Total technology industry venture financing deals in Q2 2019 worth $24.98bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 20.2% over the previous quarter and a drop of 21.6% when compared with the last four-quarter average, which stood at $31.96bn.
Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $15.53bn. At the country level, the US topped the list in terms of deal value at $15.16bn.
In terms of volumes, North America emerged as the top region for technology industry venture financing deals globally, followed by Asia-Pacific and then Europe.
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The top country in terms of venture financing deals activity in Q2 2019 was the US with 1193 deals, followed by China with 333 and the UK with 171.
In 2019, as of the end of Q2 2019, technology venture financing deals worth $56.38bn were announced globally, marking an increase of 0.04% year on year.
Technology industry venture financing deals in Q2 2019: Top deals
The top five technology industry venture financing deals accounted for 8.9% of the overall value during Q2 2019.
The combined value of the top five technology industry venture financing deals stood at $2.22bn, against the overall value of $24.98bn recorded for the quarter. The top announced technology industry venture financing deal tracked by GlobalData in Q2 2019 was Alibaba Group Holding, Bank of China Group Investment, ICBC Asset Management (Global) Limited and Macquarie Group’s $750m venture financing of Megvii Technology.
In second place was the $568m venture financing of UiPath by Accel, CapitalG, Coatue Management, Dragoneer Investment Group, Institutional Venture Partners, Madrona Venture Group, Sands Capital Management, Sequoia Capital Operations, T. Rowe Price Group and Wellington Partners and in third place was Andreessen Horowitz, Goldman Sachs Principal Strategic Investments, Lightspeed Management Company, Menlo Ventures, Meritech Capital Partners, Thrive Capital, Tiger Global Management and Tribe Capital’s $300m venture financing of eShares.
The $300m venture financing of KnowBe4 by Elephant Venture Capital, Next Generation Technology Fund and TenEleven Ventures and Atomico Investment Holdings, General Atlantic, SoftBank Latin America Fund, SoftBank Vision Fund and Valor Capital Management’s venture financing of GPBR Participacoes for $300m held fourth and fifth positions, respectively.
Verdict deals analysis methodology
This analysis considers only announced and completed 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.