Total financial services industry venture financing deals worth $672.5m were announced in Asia-Pacific in April 2021, led by $215m venture financing of Dreamplug Technologies, according to GlobalData’s deals database.

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The value marked an increase of 16.2% over the previous month of $578.83m and a rise of 105.5% when compared with the last 12-month average of $327.31m.

Asia-Pacific held a 19.00% share of the global financial services industry venture financing deal value that totalled $3.54bn in April 2021. With a 15.36% share and deals worth $543.73m, India was the top country in Asia-Pacific’s venture financing deal value across financial services industry.

In terms of venture financing deal activity, Asia-Pacific recorded 24 deals during April 2021, marking an increase of 4.35% over the previous month and a rise of 4.35% over the 12-month average. India recorded eight deals during the month.

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Asia-Pacific financial services industry venture financing deals in April 2021: Top deals

The top five financial services industry venture financing deals accounted for 79.3% of the overall value during April 2021.

The combined value of the top five financial services venture financing deals stood at $533m, against the overall value of $672.5m recorded for the month.

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

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

2) The $160m venture financing of Razorpay Software by GIC, Matrix Partners India, Ribbit Capital, Sequoia Capital India and Tiger Global Management

3) Propel Ventures, Ribbit Capital, Sequoia India, Tiger Global Management and Y Combinator Continuity Fund I’s $83m venture financing of Nextbillion Technology

4) The $50m venture financing of SNetafim Agricultural Financing AgencyLtd by Cogito Capital Partners and Phoenix Group

5) Tiger Global Management’ venture financing of Bitcipher Labs for $25m.