Total technology industry venture financing deals in November 2019 worth $329.73m were announced in the UK, according to GlobalData’s deals database.
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The value marked a decrease of 30.5% over the previous month and a drop of 29.8% when compared with the last 12-month average of $483.7m.
The UK held a 2.6% share of the global technology industry venture financing deal value that totalled $12.88bn in November 2019.
In terms of deal activity, the UK recorded 57 deals during November 2019, marking a decrease of 20.8% over the previous month and a drop of 1.7% over the 12-month average.
The UK technology industry venture financing deals in November 2019: Top deals
The top five technology industry venture financing deals accounted for 42.5% of the overall value during November 2019.
The combined value of the top five technology venture financing deals stood at $140m, against the overall value of $329.73m recorded for the month.
The top five technology industry deals of November 2019 tracked by GlobalData were:
1) Goldman Sachs Private Wealth Management and Summit Partners’ $40m venture financing of Immersive Labs
2) The $37m venture financing of Eigen Technologies by Dawn Capital and Lakestar Capital
3) Bayer, Healthbox and NWS’s $25m venture financing of Medopad
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4) The $20m venture financing of Wayve by Balderton Capital (UK), Compound Ventures, Firstminute Capital, Fly Ventures Management, Eclipse Ventures, Pieter Abbeel and Zoubin Ghahramani
5) Scottish Investment Bank and Temasek Investments’ venture financing of pureLiFi for $18m.
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.