Total financial services industry venture financing deals worth $1.3bn were announced in North America in July 2021, led by $215m venture financing of Clearco, according to GlobalData’s deals database.

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The value marked a decrease of 17.4% over the previous month of $1.55bn and a drop of 20% when compared with the last 12-month average of $1.6bn.

North America held a 31.30% share of the global financial services industry venture financing deal value that totalled $4.09bn in July 2021. With a 25.43% share and deals worth $1.04bn, the US was the top country in North America’s venture financing deal value across financial services industry.

In terms of venture financing deal activity, North America recorded 64 deals during July 2021, marking an increase of 8.47% over the previous month and a rise of 42.22% over the 12-month average. The US recorded 56 deals during the month.

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North America financial services industry venture financing deals in July 2021: Top deals

The top five financial services industry venture financing deals accounted for 49.8% of the overall value during July 2021.

The combined value of the top five financial services venture financing deals stood at $635m, against the overall value of $1.3bn recorded for the month.

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

1) Clearco $215m venture financing deal with Bow Capital,Intuit,Park West Asset Management and SoftBank Vision Fund 2

2) The $185m venture financing of At-Bay by Acrew Capital,Glilot Capital Partners,HSB fund,Icon Ventures,Khosla Ventures,Lightspeed Venture Partners – US,M12,Qumra Capital and Shlomo Kramer

3) Ethos Technologies $100m venture financing deal with SoftBank Vision Fund II

4) MobileCoin $75m venture financing deal with Future Ventures and General Catalyst Partners

5) The $60m venture financing of Eco by a16zcrypto,Activant Capital Group,L Catterton Management,Lightspeed Management Company,LionTree Partners and Valor Equity Partners