1. Deals Analysis
February 25, 2022

Technology industry venture financing deals total $6.5bn in Europe in January 2022

By Carmen

Total technology industry venture financing deals worth $6.5bn were announced in Europe in January 2022, led by $1bn venture financing of Checkout, according to GlobalData’s deals database.

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The value marked an increase of 76.6% over the previous month of $3.67bn and a rise of 70.1% when compared with the last 12-month average of $3.81bn.

Europe held a 25.11% share of the global technology industry venture financing deal value that totalled $25.81bn in January 2022. With a 9.49% share and deals worth $2.45bn, 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 216 deals during January 2022, marking a decrease of 26.03% over the previous month and a drop of 23.13% over the 12-month average. The UK recorded 65 deals during the month.

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

The top five technology industry venture financing deals accounted for 41.4% of the overall value during January 2022.

The combined value of the top five technology venture financing deals stood at $2.68bn, against the overall value of $6.5bn recorded for the month.

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

1) Altimeter Capital Management,Dragoneer Investment Group,Franklin Templeton,GIC Investment,Insight Partners,Qatar Investment Authority,The Oxford Endowment Fund and Tiger Global Management $1bn venture financing deal with Checkout

2) The $711.42m venture financing of Bolt Technology by Fidelity Management & Research and Sequoia Capital Operations

3) Coatue,Deutsche Telekom,Dragoneer Investment Group,Left Lane Capital,Prosus,SoftBank Vision Fund 2 and Tencent Holdings $339.85m venture financing deal with GoStudent

4) The $335m venture financing of EXOTEC Solutions by 83North Venture Capital,Dell Technologies Capital and Goldman Sachs Asset Management

5) Beyond NetZero,Generation Investment ManagementLLP and KKRInc $295m venture financing deal with o9 Solutions

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.

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