American Family Ventures, Blume Ventures, Dream Incubator, GGV Capital, MassMutual Ventures, Nexus Venture Partners, Sequoia Capital India, SIG Ventures and Trifecta Capital Advisors’ $30m venture financing of Invictus Insurance Broking Services was the financial services industry’s top cross border venture financing deal as total deals worth $125.91m were announced globally in November 2020, according to GlobalData’s deals database
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The value marked a decrease of 60.7% over the previous month and a drop of 80.1% when compared with the last 12-month average, which stood at $632.85m.
Comparing cross border venture financing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $57.4m. At the country level, the India topped the list in terms of deal value at $30m.
In terms of volumes, Europe emerged as the top region for financial services industry cross border venture financing deals globally, followed by Asia-Pacific and then Middle East and Africa.
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By GlobalDataThe top country in terms of cross border venture financing deals activity in November 2020 was the Singapore with four deals, followed by the UK with four and Germany with three.
In 2020, as of November, financial services cross border venture financing deals worth $5.16bn were announced globally, marking a decrease of 34.1% year on year.
financial services industry cross border venture financing deals in November 2020: Top deals
The top five financial services industry cross border venture financing deals accounted for 71.9% of the overall value during November 2020.
The combined value of the top five financial services cross border venture financing deals stood at $90.47m, against the overall value of $125.91m recorded for the month.
The top five financial services industry cross border deals of November 2020 tracked by GlobalData were:
1) American Family Ventures, Blume Ventures, Dream Incubator, GGV Capital, MassMutual Ventures, Nexus Venture Partners, Sequoia Capital India, SIG Ventures and Trifecta Capital Advisors’ $30m venture financing of Invictus Insurance Broking Services
2) The $18.63m venture financing of Primer API by Accel, Balderton Capital (UK), RTP Global, Seedcamp and SpeedInvest
3) Ribbit Capital’ $17.54m venture financing of Vivid Money
4) The $14m venture financing of Coherent Capital Advisors by Cathay Innovation and Franklin Templeton Investments
5) Marubeni and Techstars Ventures’ venture financing of AND Global for $10.3m.
