1. Deals Analysis
March 16, 2021

Technology industry virtual and augmented reality deals total $1.9bn globally in February 2021

By Carmen

Total technology industry virtual and augmented reality deals worth $1.9bn were announced globally for February 2021, with the $1.73bn acquisition of Hyperconnect being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 1740.02% over the previous month of $103.26m and a rise of 762.4% when compared with the last 12-month average of $220.32m.

In terms of number of virtual and augmented reality deals, the sector saw a drop of 21.43% with 22 deals in February 2021 when compared to the last 12-month average of 28 deals.

In value terms, Asia-Pacific led the activity with virtual and augmented reality deals worth $1.73bn in February 2021.

technology industry virtual and augmented reality deals in February 2021: Top deals

The top five virtual and augmented reality deals accounted for 98.8% of the overall value during February 2021.

The combined value of the top five virtual and augmented reality deals stood at $1.87bn, against the overall value of $1.9bn recorded for the month.

The top five technology industry virtual and augmented reality deals of February 2021 tracked by GlobalData were:

1) Match Group’s $1.73bn acquisition of Hyperconnect

2) The $60m venture financing of Labster by Andreessen Horowitz, Balderton Capital (UK), David Helgason, Educapital, GGV Capital, Northzone Ventures, Owl Ventures and Swisscom Ventures

3) Accenture Ventures, Alexander Capital, Ronald Lauder and Saatchi Invest’s $55m venture financing of Touchcast

4) The $18m venture financing deal of Interplay Learning by HOLT Ventures, Owl Ventures, S3 Ventures, Shelter Capital Partners, Sierra Ventures, SJF Ventures, Strada Education Network, The Venture Reality Fund and Wild Basin Investments

5) 8VC , Kodem Growth Partners, LG Technology Ventures, Motorola Solutions Venture Capital, NFX partners, OurCrowd, Refinery Ventures, Seraphim Capital and Verizon Ventures’ venture financing deal with Edgybees for $9.5m.

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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