1. Deals Analysis
November 16, 2020

Technology industry venture financing deals in Q3 2020 total $12.97bn in US

By Carmen

Total technology industry venture financing deals in Q3 2020 worth $12.97bn were announced in the US, according to GlobalData’s deals database.

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The value marked an increase of 0.6% over the previous quarter and a drop of 6.5% when compared with the last four-quarter average of $13.96bn.

The US held a 43.5% share of the global technology industry venture financing deal value that totalled $29.79bn in Q3 2020.

In terms of deal activity, the US recorded 871 deals during Q3 2020, marking a drop of 16.9% over the previous quarter and a drop of 23.9% over the last four-quarter average.

The US technology industry venture financing deals in Q3 2020: Top deals

The top five technology industry venture financing deals accounted for 13% of the overall value during Q3 2020.

The combined value of the top five technology venture financing deals stood at $1.69bn, against the overall value of $12.97bn recorded for the month.

The top five technology industry deals of Q3 2020 tracked by GlobalData were:

1) Coatue Management, Dragoneer Investment Group, DST Global, General Atlantic, ICONIQ Capital, Access Technology Ventures, Tiger Global Management and Whale Rock Capital Management’s $485m venture financing of Chime Financial

2) The $450m venture financing of Zwift by Amazon Alexa Fund, Causeway Media Partners, Highland Europe Fund, KKR &Inc, Novator Partners, Permira, True Ventures and Zone five Ventures

3) Advent International’s $260m venture financing of Thras.io

4) The $250m venture financing of Farmer’s Business Network by Balyasny Asset Management, Baron Capital Group, BlackRock, DBL Partners, Expanding Capital, Fidelity Investments Canada, GV Management Co, Kleiner Perkins Caufield & Byers, Lupa Systems, Mandi Ventures, Ron Shaich, Temasek Holdings (Private) and T Rowe Price Associates

5) Atlantic Bridge Capital, BlackRock, Capricorn Investment Group, Dell Technologies Capital, Fidelity Management & Research, Mithril Capital Management, Nepenthe, Redline Capital Management, Sehat Sutardja, Temasek Holdings (HK), Weili Dai and WRVI Capital’s venture financing of Nuvia for $240m.

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.

 

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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