The $1bn venture financing of Robinhood Financial was the financial services industry’s top venture financing deal as total deals worth $3.57bn were announced globally in January 2021, according to GlobalData’s deals database.

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The value marked an increase of 156.8% over the previous month of $1.39bn and a rise of 144.5% when compared with the last 12-month average, which stood at $1.46bn.

Comparing venture financing deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $1.29bn. At the country level, the US topped the list in terms of deal value at $1.26bn.

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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The top country in terms of venture financing deals activity in January 2021 was the US with 23 deals, followed by the UK with eight and India with five.

In 2021, as of January, financial services venture financing deals worth $3.57bn were announced globally, marking an increase of 111.3% year on year.

financial services industry venture financing deals in January 2021: Top deals

The top five financial services industry venture financing deals accounted for 68.7% of the overall value during January 2021.

The combined value of the top five financial services venture financing deals stood at $2.45bn, against the overall value of $3.57bn recorded for the month.

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

1) Ribbit Capital and Sequoia Capital Operations’ $1bn venture financing of Robinhood Financial

2) The $450m venture financing of Checkout by Blossom Capital, Coatue Management, DST Global, Endeavor Catalyst, GIC, Greenoaks Capital Management, Insight Partners and Tiger Global Management

3) Dragoneer Investment Group, GIC, Invesco, Kaszek Ventures, Ribbit Capital, Sequoia Capital Operations, Tencent Holdings and Whale Rock Capital Management’ $400m venture financing of NU Pagamentos

4) The $300m venture financing of Grab Financial Group by Hanwha Asset Management

5) Avid Ventures, Coatue Management, Durable Capital Partners, Entree Capital, FJ Labs, General Catalyst Partners, Latitude Partners, Oak HC/FT Partners, Spark Capital, Tal Capital Group, Target Global and Tiger Global Management’s venture financing of CashDash for $300m.