Total financial services industry venture financing deals in Q3 2019 worth $5.27bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 38.7% over the previous quarter and a rise of 63% when compared with the last four-quarter average, which stood at $3.23bn.
Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $3.12bn. At the country level, the US topped the list in terms of deal value at $2.98bn.
In terms of volumes, North America emerged as the top region for financial services industry venture financing deals globally, followed by Asia-Pacific and then Europe.
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By GlobalDataThe top country in terms of venture financing deals activity in Q3 2019 was the US with 128 deals, followed by China with 42 and the UK with 29.
In 2019, as of the end of Q3 2019, financial services venture financing deals worth $12.8bn were announced globally, marking a decrease of 34.6% year on year.
Financial services industry venture financing deals in Q3 2019: Top deals
The top five financial services industry venture financing deals accounted for 27.4% of the overall value during Q3 2019.
The combined value of the top five financial services venture financing deals stood at $1.44bn, against the overall value of $5.27bn recorded for the month.
The top five financial services industry deals of Q3 2019 tracked by GlobalData were:
1) Dragoneer Investment Group, DST Global, Ribbit Capital, Sequoia Capital Operations, TCMI, Tencent Holdings and Thrive Capital’s $400m venture financing of NU Pagamentos
2) The $350m venture financing of Root Insurance by Coatue Management, Drive Capital, DST Global, Redpoint Ventures, Ribbit Capital and Tiger Global Management
3) DST Global, New Enterprise Associates, Ribbit Capital, Sequoia Capital Operations and Thrive Capital’s $323m venture financing of Robinhood Financial
4) The $200m venture financing of Mission Lane by Invus Opportunities, LL Funds, Oaktree Capital Management and QED Investors
5) Allianz X, Earlybird Venture Capital GmbH & Co, GIC, Greyhound Capital Europe, Insight Venture Partners, Tencent Holdings and Valar Ventures Management’s venture financing of N26 Bank for $170m.
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.
