Total technology industry cross border venture financing deals worth $1.26bn were announced in the in Q4 2020, with $343.86m ANDENES INVESTMENTS, GPS Ventures, Macquarie Group – London, Patron Capital and yabeo Capital’s venture financing, according to GlobalData’s deals database.
The value marked an increase of 57.5% over the previous quarter and a rise of 81.7% when compared with the last four-quarter average of $693.36m.
The UK held an 11.08% share of the global technology industry cross border venture financing deal value that totalled $11.37bn in Q4 2020.
In terms of deal activity, the UK recorded 64 cross border deals during Q4 2020, marking an increase of 42.22% over the previous quarter and a a rise of 8.47% over the last four-quarter average.
UK technology industry cross border venture financing deals in Q4 2020: Top deals
The top five technology industry cross border venture financing deals accounted for 61.3% of the overall value during Q4 2020.
The combined value of the top five cross border venture financing deals stood at $774.44m, against the overall value of $1.26bn recorded for the quarter.
The top five technology industry cross border deals of Q4 2020 tracked by GlobalData were:
- ANDENES INVESTMENTS, GPS Ventures, Macquarie Group – London, Patron Capital and yabeo Capital’s $343.86m venture financing of Molo Tech
- The $222m venture financing of Graphcore by Baillie Gifford, Draper Esprit, Fidelity International, Ontario Teachers’ Pension Plan and Schroder British Opportunities Trust
- 83North Venture Capital, Burda Principal Investments, Felix Capital Partners, Kinnevik, Piton Capital and VNV Global’s $70m venture financing of HungryPanda
- The $70m venture financing of Hi Bob by Arbor Ventures, Battery Ventures, Bessemer Venture Partners, Cerca Partners, Eight Roads Ventures, Entree Capital, Israel Growth Partners, Perpetual Investors, Presidio Ventures and SEEK
- 83North Venture Capital, FTV Capital, Kindred Capital and Notion Capital’s venture financing of Paddle.com Market for $68.58m.
