Total financial services industry venture financing deals in Q3 2020 worth $5.96bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 27.6% over the previous quarter and a rise of 20.7% when compared with the last four-quarter average, which stood at $4.94bn.
Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $3.97bn. At the country level, the US topped the list in terms of deal value at $3.96bn.
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 Q3 2020 was the US with 94 deals, followed by the UK with 29 and India with 13.
In 2020, as of the end of Q3 2020, financial services venture financing deals worth $14.58bn were announced globally, marking an increase of 13.3% year on year.
Financial services industry venture financing deals in Q3 2020: Top deals
The top five financial services industry venture financing deals accounted for 34.9% of the overall value during Q3 2020.
The combined value of the top five financial services venture financing deals stood at $2.08bn, against the overall value of $5.96bn recorded for the month.
The top five financial services industry deals of Q3 2020 tracked by GlobalData were:
1) Baillie Gifford &, Durable Capital Partners, Fidelity Management & ResearchLLC, Founders Fund, Lightspeed Management Company, Spark Capital, GIC and Wellington ManagementLLP’s $500m venture financing of Affirm
2) The $500m venture financing of Bright Health by Bessemer Venture Partners, Greenspring Associates, New Enterprise Associates, The Blackstone Group, Tiger Global Management and T Rowe Price Associates
3) 9Yards Capital, Andreessen Horowitz, DST Global, Ribbit Capital and Sequoia Capital Operations’ $460m venture financing of Robinhood Financial
4) The $320m venture financing of Robinhood Financial by Institutional Venture Partners and TSG Consumer Partners
5) BlackRock, Endeavor Catalyst, Flourish Ventures, General Atlantic, Monashees Capital, PayPal Ventures, Propel Venture Partners and Vulcan Capital Management’s venture financing of Neon Pagamentos for $300m.
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.
