Total technology industry venture financing deals in June 2020 worth $260.99m were announced in the UK, according to GlobalData’s deals database.

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The value marked a decrease of 16.02% over the previous month and a drop of 34.9% when compared with the last 12-month average of $400.99m.

The UK held a 2.9% share of the global technology industry venture financing deal value that totalled $9.07bn in June 2020.

In terms of deal activity, the UK recorded 62 deals during June 2020, marking an increase of 5.1% over the previous month and a flat growth over the 12-month average.

The UK technology industry venture financing deals in June 2020: Top deals

The top five technology industry venture financing deals accounted for 42.7% of the overall value during June 2020.

The combined value of the top five technology venture financing deals stood at $111.49m, against the overall value of $260.99m recorded for the month.

The top five technology industry deals of June 2020 tracked by GlobalData were:

1) Accel, IVP, Northzone Ventures, Salesforce Ventures, Seedcamp and Slack Fund’s $40m venture financing of Hopin

2) The $31.19m venture financing of Guild Esports by Blue Star Capital and DB Ventures

3) American Express Ventures and SoftBank’s $19.5m venture financing of Splyt Technologies

4) The $10.8m venture financing of Celsius Network by Bnk To The Future

5) Index Ventures’ venture financing of Codat for $10m.

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.

 

Visit our ‘Technology Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the technology industry.