Led by $650m venture financing of FlixMobility, total consumer industry cross border venture financing deals worth $1.3bn were announced in Europe in Q2 2021, according to GlobalData’s deals database.
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The value marked an increase of 402.8% over the previous quarter and a rise of 533.7% when compared with the last four-quarter average of $206.73m.
Europe held a 49.25% share of the global consumer industry cross border venture financing deal value that totalled $2.66bn in Q2 2021. With a 28.30% share and deals worth $752.68m, Germany was the top country in Europe’s cross border venture financing deal value across consumer industry.
In terms of deal activity, Europe recorded 44 cross border deals during Q2 2021, marking an increase of 76.00% over the previous quarter and a rise of 120.00% over the last four-quarter average. The UK recorded 13 deals during the month.
Europe consumer industry cross border venture financing deals in Q2 2021: Top deals
The top five cross border venture financing deals accounted for 74.1% of the overall value during Q2 2021.
The combined value of the top five consumer cross border venture financing deals stood at $970.27m, against the overall value of $1.3bn recorded for the quarter.
The top five consumer cross border deals of Q2 2021 tracked by GlobalData were:
4) The $60m venture financing of Virtuo Technologies by Alpha Intelligence Capital , AXA Venture Partners, Balderton Capital , Bpifrance Large Venture , Holding Italiana Quattordicesima , Iris Capital and Raise Ventures
Verdict deals analysis methodology
This analysis considers only announced and completed cross border deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.