Total industry venture financing deals in Q2 2019 worth $2.72bn were announced in the UK, according to GlobalData’s deals database.

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The value marked a decrease of 10.4% over the previous quarter and a rise of 12.9% when compared with the last four-quarter average of $2.41bn.

The UK held a 4.7% share of the global industry venture financing deal value that totalled $58.22bn in Q2 2019.

In terms of deal activity, the UK recorded 308 deals during Q2 2019, marking a rise of 10.4% over the previous quarter and a rise of 20.8% over the last four-quarter average.

The UK industry venture financing deals in Q2 2019: Top deals

The top five industry venture financing deals accounted for 43.7% of the overall value during Q2 2019.

The combined value of the top five industry venture financing deals stood at $1.19bn, against the overall value of $2.72bn recorded for the quarter. The top announced industry venture financing deal tracked by GlobalData in Q2 2019 was, Fidelity Management & Research LLC, Greenoaks Capital Management and T. Rowe Price Group’s $575m venture financing of Roofoods.

In second place was the $230m venture financing of Checkout by Blossom Capital, DST Global, Endeavor Catalyst, GIC and Insight Venture Management and in third place was Accel, LeapFrog Investments and Technology Crossover Management VII’s $175m venture financing of WorldRemit.

The $143.95m venture financing of Monzo Bank by Accel, General Catalyst Partners, Goodwater Capital, Latitude Partners, Orange Digital Ventures, Passion Capital, Stripe, Thrive Capital and Y Combinator Continuity Fund I and Banco Santander, Barclays, BNY Mellon-Alcentra Mezzanine Partners, Canadian Imperial Bank of Commerce, Commerzbank, Credit Suisse, ING Ventures, KBC Group, Lloyds Banking Group, State Street, Sumitomo Mitsui Banking, Nasdaq, MUFG Bank and UBS Group’s venture financing of Fnality International for $63.13m held fourth and fifth positions, respectively.

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.

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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.