Total financial services industry venture financing deals worth $2.1bn were announced in Europe in May 2021, led by $900m venture financing of Trade Republic Bank, according to GlobalData’s deals database.

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The value marked an increase of 337.01% over the previous month of $473.67m and a rise of 444.9% when compared with the last 12-month average of $379.92m.

Europe held a 30.04% share of the global financial services industry venture financing deal value that totalled $6.89bn in May 2021. With a 13.25% share and deals worth $913.25m, Germany was the top country in Europe’s venture financing deal value across financial services industry.

In terms of venture financing deal activity, Europe recorded 29 deals during May 2021, marking a decrease of 6.45% over the previous month and a rise of 16.00% over the 12-month average. The UK recorded 12 deals during the month.

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Europe financial services industry venture financing deals in May 2021: Top deals

The top five financial services industry venture financing deals accounted for 55.2% of the overall value during May 2021.

The combined value of the top five financial services venture financing deals stood at $1.15bn, against the overall value of $2.1bn recorded for the month.

The top five financial services industry venture financing deals of May 2021 tracked by GlobalData were:

1) Accel, Creandum Advisor, Founders Fund, Project A Services GmbHKG, Sequoia Capital Operations, TCMI and Thrive Capital Partners’ $900m venture financing of Trade Republic Bank

2) The $125m venture financing of PaySend Group by Hermes GPE Innovation Fund, Infravia Growth Capital, One Peak Partners and Plug and Play

3) SVP Group’s $70.73m venture financing of Lanistar

4) The $35.39m venture financing of SAcheel by Portag3 Ventures and Serena Capital

5) Ashton Kutcher, Defiance Capital, Framework Ventures, Mark Cuban, ParaFi Capital, Sound Ventures, Spartan Group and Stani Kulechov’ venture financing of Wonderwill for $15m.