Led by $847.69m venture financing of Skypher, total technology industry venture financing deals worth $9.88bn were announced in Europe in Q1 2021, according to GlobalData’s deals database.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

  • 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 an increase of 82.3% over the previous quarter and a rise of 137.5% when compared with the last four-quarter average of $4.16bn.

Europe held a 13.17% share of the global technology industry venture financing deal value that totalled $75.02bn in Q1 2021. With a 3.49% share and deals worth $2.62bn, the UK was the top country in Europe’s venture financing deal value across technology industry.

In terms of deal activity, Europe recorded 775 deals during Q1 2021, marking an increase of 15.16% over the previous quarter and a rise of 19.69% over the last four-quarter average. The UK recorded 259 deals during the month.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Europe technology industry venture financing deals in Q1 2021: Top deals

The top five venture financing deals accounted for 27.2% of the overall value during Q1 2021.

The combined value of the top five technology venture financing deals stood at $2.69bn, against the overall value of $9.88bn recorded for the quarter.

The top five technology deals of Q1 2021 tracked by GlobalData were:

1) Bpifrance – Fund Ambition boot Angels F3A, Kima Ventures and Y Combinator’s $847.69m venture financing of Skypher

2) The $610.8m venture financing of Biomatter Designs by 70Ventures and Practica Capital UAB

3) 83North Venture Capital, Coatue Management, DST Global Solutions, EQT Group, EQT Ventures Fund, Goldman Sachs Growth Equity, Highland Europe (UK), ICONIQ Growth, KKR Real Estate Finance Trust, Prosus, Tiger Global Management and Vintage Investment Partners’ $530m venture financing of Wolt Enterprises

4) The $400m venture financing of OneWeb by Hughes Network Systems and SoftBank Group

5) DST Global, Lightspeed Management Company and VY Capital’s venture financing of Blockchain Luxembourg for $300m.