Total financial services industry venture financing deals in Q2 2020 worth $4.29bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 11.6% over the previous quarter and a drop of 9% when compared with the last four-quarter average, which stood at $4.71bn.
Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $3.05bn. At the country level, the US topped the list in terms of deal value at $3.05bn.
In terms of volumes, North America emerged as the top region for financial services industry venture financing deals globally, followed by Asia-Pacific and then Europe.
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By GlobalDataThe top country in terms of venture financing deals activity in Q2 2020 was the US with 95 deals, followed by the UK with 26 and India with 26.
In 2020, as of the end of Q2 2020, financial services venture financing deals worth $8.21bn were announced globally, marking an increase of 9.6% year on year.
Financial services industry venture financing deals in Q2 2020: Top deals
The top five financial services industry venture financing deals accounted for 38.8% of the overall value during Q2 2020.
The combined value of the top five financial services venture financing deals stood at $1.67bn, against the overall value of $4.29bn recorded for the month.
The top five financial services industry deals of Q2 2020 tracked by GlobalData were:
1) Andreessen Horowitz, General Catalyst Partners, GV Management Co and Sequoia Capital Operations’ $600m venture financing of Stripe
2) The $400m venture financing of Sidewalk Infrastructure Partners by Alphabet and Ontario Teachers Pension Plan Board
3) 9Yards Capital, New Enterprise Associates, Ribbit Capital, Sequoia Capital Operations and Unusual Ventures’ $280m venture financing of Robinhood Financial
4) The $225m venture financing of Oscar Insurance by Baillie Gifford &, Coatue Management, General Catalyst Partners, Alphabet, Khosla Ventures, Lakestar Capital and Thrive Capital
5) ANZi Ventures, DST Global, Hillhouse Capital Group, Horizons Ventures, Salesforce Ventures, Sequoia Capital China and Tencent Holdings’ venture financing of Airwallex for $160m.
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.
