Total financial services industry venture financing deals in Q4 2020 worth $3.01bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 49.9% over the previous quarter and a drop of 40.6% when compared with the last four-quarter average, which stood at $5.08bn.
Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $1.63bn. At the country level, the US topped the list in terms of deal value at $1.4bn.
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 Q4 2020 was the US with 70 deals, followed by the UK with 29 and India with 19.
In 2020, as of the end of Q4 2020, financial services venture financing deals worth $17.54bn were announced globally, marking a decrease of 5.9% year on year.
Financial services industry venture financing deals in Q4 2020: Top deals
The top five financial services industry venture financing deals accounted for 18.4% of the overall value during Q4 2020.
The combined value of the top five financial services venture financing deals stood at $555.35m, against the overall value of $3.01bn recorded for the quarter.
The top five financial services industry deals of Q4 2020 tracked by GlobalData were:
1) Baillie Gifford, Coatue Management, Dragoneer Investment Group, Founders Fund, Khosla Ventures, Lakestar Capital, Reinvent Capital and Tiger Global Management’s $140m venture financing of Oscar Insurance
2) The $110.35m venture financing of Satispay by LGT Lightstone Europe, Square, Tencent Holdings and TIM Ventures
3) Ascension Health Ventures’ $105m venture financing of Bind Benefits
4) The $100m venture financing of Razorpay Software by Matrix Partners, Ribbit Capital, Sequoia Capital India, GIC, Tiger Global Management and Y Combinator Management
5) Founders Fund and Meritech Capital Partners’ venture financing of Newfront Insurance for $100m.
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.
