Total technology industry venture financing deals worth $2.6bn were announced in Europe in May 2022, led by $210m venture financing of Aiven, according to GlobalData’s deals database.

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The value marked a decrease of 30% over the previous month of $3.77bn and a drop of 38.6% when compared with the last 12-month average of $4.3bn.

Europe held a 16.03% share of the global technology industry venture financing deal value that totalled $16.47bn in May 2022. With a 5.69% share and deals worth $937.06m, the UK was the top country in Europe’s venture financing deal value across technology industry.

In terms of venture financing deal activity, Europe recorded 268 deals during May 2022, marking a decrease of 5.63% over the previous month and a drop of 7.59% over the 12-month average. The UK recorded 80 deals during the month.

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Europe technology industry venture financing deals in May 2022: Top deals

The top five technology industry venture financing deals accounted for 30.9% of the overall value during May 2022.

The combined value of the top five technology venture financing deals stood at $816.24m, against the overall value of $2.6bn recorded for the month.

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

1) Atomico Ventures,BlackRock,Earlybird Venture Capital GmbHKG,Eurazeo,IVP LuxCo,Salesforce Ventures and World Innovation Lab $210m venture financing deal with Aiven

2) The $200m venture financing of Paddle.com Market by 83North,FTV Capital,Kindred Capital,KKRInc and Notion Capital

3) Incorporated),Eurazeo,ING Ventures,Intesa Sanpaolo,JPMorgan Chase,Lloyds Banking Group,Morgan Stanley &(formerly Morgan Stanley & Co.,Skandinaviska Enskilda Banken and Temasek Holdings (Private) $160m venture financing deal with Thought Machine Group

4) The $126.24m venture financing of Freedom Fibre by Equitix and Santander Bank NA

5) Clal Insurance Enterprises Holdings,General Oriental Investments,H.I.G. Growth Partners,JVP,Kingfisher Capital,Maor Investments,Sequoia Capital and Viola Growth $120m venture financing deal with Pyramid Analytics