1. Deals Analysis
September 30, 2021

Technology industry venture financing deals total $375.2m in Middle East and Africa in August 2021

By Carmen

Total technology industry venture financing deals worth $375.2m were announced in Middle East and Africa in August 2021, led by $55m venture financing of Kuda Technologies, according to GlobalData’s deals database.

  • 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 a decrease of 62.4% over the previous month of $997.55m and a drop of 40.1% when compared with the last 12-month average of $626.06m.

Middle East and Africa held a 1.40% share of the global technology industry venture financing deal value that totalled $26.87bn in August 2021. With a 0.86% share and deals worth $229.83m, Israel was the top country in Middle East and Africa’s venture financing deal value across technology industry.

In terms of venture financing deal activity, Middle East and Africa recorded 53 deals during August 2021, marking a decrease of 5.36% over the previous month and a flat growth over the 12-month average. Israel recorded 21 deals during the month.

Middle East and Africa technology industry venture financing deals in August 2021: Top deals

The top five technology industry venture financing deals accounted for 44.2% of the overall value during August 2021.

The combined value of the top five technology venture financing deals stood at $166m, against the overall value of $375.2m recorded for the month.

The top five technology industry venture financing deals of August 2021 tracked by GlobalData were:

1) SBI Investment,Target Global and Valar Ventures Management $55m venture financing deal with Kuda Technologies

2) The $30m venture financing of Buildots by Future Energy Ventures Management,Lightspeed Ventures,Ltd.,Tidhar Construction Group and TLV Partners

3) Bessemer Venture Partners,Blumberg Capital,M12,USVP ManagementLLC and YL Ventures GP $30m venture financing deal with Cyber Hunters

4) The $26m venture financing of Upstream Security by Delek Group,Glilot Capital Partners,IDI Insurance,La Maison Partners,Mitsui Sumitomo Insurance,Nationwide Mutual Capital,NextGen Mobility Fund,Salesforce Ventures and Volvo Group Venture Capital

5) Mizrahi-Tefahot Bank and Pitango Growth $25m venture financing deal with Localize.city

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.

Topics in this article: ,