The $425m venture financing of Brex was the financial services industry’s top venture financing deal as total deals worth $3.5bn were announced globally in April 2021, according to GlobalData’s deals database.

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The value marked a decrease of 22.03% over the previous month of $4.54bn and a rise of 64.7% when compared with the last 12-month average, which stood at $2.15bn.

Comparing venture financing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $2.01bn. At the country level, the US topped the list in terms of deal value at $2bn.

In terms of volumes, North America emerged as the top region for financial services industry venture financing deals globally, followed by Europe and then Asia-Pacific.

The top country in terms of venture financing deals activity in April 2021 was the US with 47 deals, followed by the UK with eight and India with eight.

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In 2021, as of April, financial services venture financing deals worth $16.01bn were announced globally, marking a decrease of 183.1% year on year.

financial services industry venture financing deals in April 2021: Top deals

The top five financial services industry venture financing deals accounted for 39.5% of the overall value during April 2021.

The combined value of the top five financial services venture financing deals stood at $1.4bn, against the overall value of $3.5bn 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 $425m venture financing deal with 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 $260m venture financing deal with Greenlight Financial Technology

4) The $215m venture financing of Dreamplug Technologies by Coatue Management,Dragoneer Investment Group,DST Global,Falcon Edge Capital,Greenoaks Capital Management,Insight Partners,RTP Global,Sofina and Tiger Global Management

5) American Family Ventures,Cox Enterprises,Eldridge Industries and OMERS Ventures $200m venture financing deal with Clearcover