Total financial services industry venture financing deals worth $2bn were announced in the US in April 2021, led by $425m venture financing of Brex, according to GlobalData’s deals database.
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The value marked a decrease of 20.6% over the previous month of $2.52bn and a rise of 57.5% when compared with the last 12-month average of $1.27bn.
The US held a 56.50% share of the global financial services industry venture financing deal value that totalled $3.54bn in April 2021.
In terms of venture financing deal activity, the US recorded 47 deals during April 2021, marking a decrease of 6.00% over the previous month and a rise of 34.29% over the 12-month average.
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By GlobalDataUS financial services industry venture financing deals in April 2021: Top deals
The top five financial services industry venture financing deals accounted for 66.7% of the overall value during April 2021.
The combined value of the top five financial services venture financing deals stood at $1.34bn, against the overall value of $2bn recorded for the month.
The top five financial services industry venture financing deals of April 2021 tracked by GlobalData were:
1) Baillie Gifford, Base10 Partners, Durable Capital Partners, GIC, Greenoaks Capital Management, IVP LuxCo, Lone Pine Capital, Madrone Capital Partners, Ribbit Capital, TCV, Tiger Global Management, Valiant Capital Management and Y Combinator Continuity Fund I’s $425m venture financing of Brex
2) The $300m venture financing of Paxos Trust Co by Declaration Partners, Liberty City Ventures, Mithril Capital Management, Oak HC/FT Partners, PayPal Ventures, Senator Investment Group and WestCap Partners
3) Andreessen Horowitz, Bond (US), Canapi, Fin Venture Capital, Goodwater Capital, LionTree Partners, Owl Ventures, TTV Capital and Wells Fargo Strategic Capital’s $260m venture financing of Greenlight Financial Technology
4) The $200m venture financing of Clearcover by American Family Ventures, Cox Enterprises, Eldridge Industries and OMERS Ventures
5) Accel, Ballast Point Ventures, Daher Capital, Floodgate Fund, KdT Ventures, Keith Melnick, Silverton Partners and Weatherford Capital’s venture financing of Insurance Zebra for $150m.
