Total financial services industry venture financing deals in Q2 2019 worth $3.64bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 1.4% over the previous quarter and a drop of 40.2% when compared with the last four-quarter average, which stood at $6.09bn.
Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $1.64bn. At the country level, the US topped the list in terms of deal value at $1.52bn.
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.
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By GlobalDataThe top country in terms of venture financing deals activity in Q2 2019 was the US with 81 deals, followed by the UK with 31 and India with 20.
In 2019, as of the end of Q2 2019, financial services venture financing deals worth $7.33bn were announced globally, marking a decrease of 55.1% year on year.
Financial services industry venture financing deals in Q2 2019: Top deals
The top five financial services industry venture financing deals accounted for 33.1% of the overall value during Q2 2019.
The combined value of the top five financial services industry venture financing deals stood at $1.21bn, against the overall value of $3.64bn recorded for the quarter. The top announced financial services industry venture financing deal tracked by GlobalData in Q2 2019 was Ashton Kutcher, Baillie Gifford &, Fidelity Management & Research, Founders Fund, GIC, Lightspeed Venture Partners, Moore Asset Backed Fund, Ribbit Capital, Sound Ventures, Spark Capital, Thrive Capital and Wellington Management LLP’s $300m venture financing of Affirm.
In second place was the $300m venture financing of Lemonade by Allianz Capital Partners, General Catalyst Partners, GV Management Co, OurCrowd, SoftBank Group and Thrive Capital and in third place was Blossom Capital, DST Global, Endeavor Catalyst, GIC and Insight Venture Management’s $230m venture financing of Checkout.
The $200m venture financing of Blockchain Exchange Alliance by ST Blockchain Fund and Accel, LeapFrog Investments and Technology Crossover Management VII’s venture financing of WorldRemit for $175m held fourth and fifth positions, respectively.
Verdict deals analysis methodology
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.
