The $621.67m venture financing of SumUp Payments was the Financial services industry’s top venture financing deal as total deals worth $2.8bn were announced globally in June 2022, according to GlobalData’s deals database.
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The value marked a decrease of 27.4% over the previous month of $3.79bn and a drop of 28.9% when compared with the last 12-month average, which stood at $3.87bn.
Comparing venture financing deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $1.35bn. At the country level, the UK topped the list in terms of deal value at $877.07m.
In terms of volumes, Europe emerged as the top region for Financial services industry venture financing deals globally, followed by North America and then Asia-Pacific.
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By GlobalDataThe top country in terms of venture financing deals activity in June 2022 was the US with 26 deals, followed by the India with 12 and France with nine.
In 2022, as of June, Financial services venture financing deals worth $19.59bn were announced globally, marking a decrease of 30.8% year on year.
Financial services industry venture financing deals in June 2022: Top deals
The top five Financial services industry venture financing deals accounted for 48.9% of the overall value during June 2022.
The combined value of the top five Financial services venture financing deals stood at $1.34bn, against the overall value of $2.8bn recorded for the month.
The top five Financial services industry venture financing deals of June 2022 tracked by GlobalData were:
1) B Capital Tech Opportunities,BlackRock,btov Partners,Centerbridge Partners,Crestline Investors,Fin Capital and Sentinel Dome Partners $621.67m venture financing deal with SumUp Payments
2) The $267.52m venture financing of Trade Republic Bank by Accel,Creandum Advisor,Founders Fund,Ontario Teachers’ Pension Plan,Project A Services GmbHKG,Sequoia Capital US,TCV and Thrive Capital
3) a16z,Bloomsbury AI,Claire Hughes Johnson,Credit Kudos,Deeptide,Elad Gil,GV Management Co,John Collison,Lachy Groom,Magic Pony Technology,Matt Mullenweg,Matt Robinson,Nat Friedman,PassFort,Patrick Collison,Reid Hoffman,Sara Clemens,Sarah Leary,Scape Group,Sequoia Capital Operations,SoftBank Group,Sonantic,Taavet Hinrikus and Tom Blomfield $158m venture financing deal with Entrepreneur First
4) The $150m venture financing of FalconX by Adams Street Partners,B Capital Group,GIC,Thoma Bravo,Tiger Global Management and Wellington ManagementLLP
5) Acrew Capital,American Family Ventures,Anthemis Group,Gaingels,Greycroft Partners,HSCM Ventures,Narya Capital Management,SignalFire Management Services,Tower IV and Weatherford Capital $147m venture financing deal with Branch Financial