Total financial services industry venture financing deals worth $1.1bn were announced in Europe in August 2021, led by $300m venture financing of Rapyd Financial Network (2016), according to GlobalData’s deals database.

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The value marked a decrease of 2.8% over the previous month of $1.09bn and a rise of 24.3% when compared with the last 12-month average of $852.86m.

Europe held a 19.92% share of the global financial services industry venture financing deal value that totalled $5.32bn in August 2021. With a 13.10% share and deals worth $696.84m, the UK was the top country in Europe’s venture financing deal value across financial services industry.

In terms of venture financing deal activity, Europe recorded 21 deals during August 2021, marking a decrease of 32.26% over the previous month and a drop of 27.59% over the 12-month average. The UK recorded ten deals during the month.

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Europe financial services industry venture financing deals in August 2021: Top deals

The top five financial services industry venture financing deals accounted for 85.9% of the overall value during August 2021.

The combined value of the top five financial services venture financing deals stood at $908.83m, against the overall value of $1.1bn recorded for the month.

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

1) Altimeter Capital Management,Avid Ventures,BlackRock Funds Services Group,Dragoneer Investment Group,Durable Capital Partners,Fidelity Management & Research,General Catalyst Partners,Latitude (UK),Spark Capital Partners,TaL Capital,Target Global and Whale Rock Capital Management $300m venture financing deal with Rapyd Financial Network (2016)

2) The $292m venture financing of WorldRemit by (US),Accel Partners – UK,Farallon Capital Management,LeapFrog Investments and TCV

3) Alan Howard,Jump Capital,LeadBlock Partners,REDO Ventures and Valar Ventures $263m venture financing deal with Bitpanda

4) The $29.29m venture financing of Nufin by Cherry Ventures,Global Founders Capital and Valar Ventures Management

5) Rudy Karsan $24.55m venture financing deal with Kroo