Total financial services industry venture financing deals worth $6.9bn were announced in the in Q1 2021, with $2.4bn venture financing of Robinhood Financial being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 336.7% over the previous quarter and a rise of 163.4% when compared with the last four-quarter average of $2.62bn.
The US held a 57.31% share of the global financial services industry venture financing deal value that totalled $12.04bn in Q1 2021.
In terms of deal activity, the US recorded 144 deals during Q1 2021, marking an increase of 67.44% over the previous quarter and a a rise of 46.94% over the last four-quarter average.
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By GlobalDataUS financial services industry venture financing deals in Q1 2021: Top deals
The top five financial services industry venture financing deals accounted for 69.5% of the overall value during Q1 2021.
The combined value of the top five venture financing deals stood at $4.8bn, against the overall value of $6.9bn recorded for the quarter.
The top five financial services industry deals of Q1 2021 tracked by GlobalData were:
1) Andreessen Horowitz, ICONIQ Capital, Index Ventures, New Enterprise Associates, Ribbit Capital and Sequoia Capital Operations’ $2.4bn venture financing of Robinhood Financial
2) The $1bn venture financing of Robinhood Financial by Ribbit Capital and Sequoia Capital Operations
3) Altimeter Capital Management’s $600m venture financing of Plaid
4) The $597.41m venture financing of Stripe by Allianz X, AXA, Baillie Gifford US Growth Trust, Fidelity Management & ResearchLLC, National Treasury Management Agency and Sequoia Capital
5) Citi Ventures, KKRInc and Sapphire Ventures’ venture financing of Feedzai for $200m.
