The $2.4bn venture financing of Robinhood Financial was the financial services industry’s top cross border venture financing deal as total deals worth $3.03bn were announced globally in February 2021, according to GlobalData’s deals database.

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The value marked an increase of 43.6% over the previous month of $2.11bn and a rise of 392.1% when compared with the last 12-month average, which stood at $615.74m.

Comparing cross border venture financing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $2.62bn. At the country level, the US topped the list in terms of deal value at $2.6bn.

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

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The top country in terms of cross border venture financing deals activity in February 2021 was the US with seven deals, followed by the UK with two and Mexico with two.

In 2021, as of February, financial services cross border venture financing deals worth $5.14bn were announced globally, marking a decrease of 650.8% year on year.

financial services industry cross border venture financing deals in February 2021: Top deals

The top five financial services industry cross border venture financing deals accounted for 94.6% of the overall value during February 2021.

The combined value of the top five financial services cross border venture financing deals stood at $2.86bn, against the overall value of $3.03bn recorded for the month.

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

1) Andreessen Horowitz, ICONIQ Capital, Index Ventures, New Enterprise Associates, Ribbit Capital and Sequoia Capital Operations’ $2.4bn venture financing of Robinhood Financial

2) The $125m venture financing of Stash Financial by Eldridge Industries, Entree Capital, Goodwater Capital, Owl Ventures and T Rowe Price Associates

3) Access Industries, Eldridge Industries, GV Management Co, Kyle Bass, Lakestar Capital, Lightspeed Management Company, Moore Strategic Ventures and Rovida Advisors’ $120m venture financing of Blockchain Luxembourg

4) The $110m venture financing of Tyme by APIS GROWTH FUND II L.P and JG Summit Holdings

5) Amplo, Beenext, Coatue Management, Insight Partners, Ribbit Capital, Sequoia Capital and Steadview Capital’s venture financing of BharatPe for $108m.