1. Deals Analysis
November 16, 2021

Technology industry venture financing deals total $5.4bn in UK in Q3 2021

By Carmen

Total technology industry venture financing deals worth $5.4bn were announced in the in Q3 2021, with $800m venture financing of Revolut being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 99.6% over the previous quarter and a rise of 130.2% when compared with the last four-quarter average of $2.35bn.

The UK held a 6.61% share of the global technology industry venture financing deal value that totalled $81.79bn in Q3 2021.

In terms of deal activity, the UK recorded 256 deals during Q3 2021, marking a decrease of 5.88% over the previous quarter and a a rise of 3.54% over the last four-quarter average.

UK technology industry venture financing deals in Q3 2021: Top deals

The top five technology industry venture financing deals accounted for 34.04% of the overall value during Q3 2021.

The combined value of the top five venture financing deals stood at $1.84bn, against the overall value of $5.4bn recorded for the quarter.

The top five technology industry deals of Q3 2021 tracked by GlobalData were:

1) SoftBank Vision Fund II and Tiger Global Management $800m venture financing deal with Revolut

2) The $530m venture financing of Snyk by Accel,Addition,Alkeon Capital,Atlassian Ventures,Baillie Gifford US Growth Trust,BlackRock,Boldstart Ventures,Canaan Partners,Coatue Management,Franklin Templeton Investments,Geodesic Capital,Koch Strategic Platforms,Lone Pine Capital,Salesforce Ventures,Sands Capital Management,T. Rowe Price Group,Temasek Investments,Tiger Global Management and Whale Rock Capital Management

3) Crayhill Capital Management $200m venture financing deal with Heroes Technology

4) The $160m venture financing of form3 by Barclays,Draper Esprit VCT,Goldman Sachs Asset Management,Lloyds Banking Group,Mastercard and Nationwide Building Society

5) ABN AMRO Ventures,AlbionVC,British Patient Capital,Dawn Capital,Evolution Equity Partners,HSBC and Warburg Pincus $153m venture financing deal with Quantexa

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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