1. Deals Analysis
March 21, 2022

Technology industry venture financing deals total $13bn in North America in February 2022

By Carmen

Total technology industry venture financing deals worth $13bn were announced in North America in February 2022, led by $400m venture financing of Uniphore Technologies, according to GlobalData’s deals database.

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The value marked a decrease of 5.3% over the previous month of $13.72bn and a drop of 15.3% when compared with the last 12-month average of $15.34bn.

North America held a 53.85% share of the global technology industry venture financing deal value that totalled $24.14bn in February 2022. With a 47.93% share and deals worth $11.57bn, the US was the top country in North America’s venture financing deal value across technology industry.

In terms of venture financing deal activity, North America recorded 514 deals during February 2022, marking a decrease of 8.05% over the previous month and a drop of 17.10% over the 12-month average. The US recorded 471 deals during the month.

North America technology industry venture financing deals in February 2022: Top deals

The top five technology industry venture financing deals accounted for 11.9% of the overall value during February 2022.

The combined value of the top five technology venture financing deals stood at $1.55bn, against the overall value of $13bn recorded for the month.

The top five technology industry venture financing deals of February 2022 tracked by GlobalData were:

1) March Capital Partner,New Enterprise Associates,Sanabil Investments and Sorenson Capital Partners $400m venture financing deal with Uniphore Technologies

2) The $325m venture financing of eSentire by Caisse de depot et placement du Quebec,Georgian Partners and Warburg Pincus

3) New Enterprise Associates $300m venture financing deal with Branch Metrics

4) The $270m venture financing of Paper EducationInc by BDC Capital,Bullpen Capital,Framework Venture Partners ,IVP,Reach Capital,Red House Education,Salesforce Ventures,Sapphire Ventures and SoftBank Vision Fund II

5) Insight Partners,Sapphire Ventures,Sequoia Capital US,Steadview Capital Management and Tiger Global Management $250m venture financing deal with ChargeBee

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.

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