1. Deals Analysis
October 26, 2021

Consumer industry cross border venture financing deals total $1bn globally in September 2021

The $350m venture financing of Perfect Day was the consumer industry’s top cross border venture financing deal as total deals worth $1bn were announced globally in September 2021, according to GlobalData’s deals database.

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The value marked an increase of 60.3% over the previous month of $636.4m and a rise of 18.4% when compared with the last 12-month average, which stood at $861.82m.

Comparing cross border venture financing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $698.1m. At the country level, the US topped the list in terms of deal value at $694.51m.

In terms of volumes, Asia-Pacific emerged as the top region for consumer industry cross border venture financing deals globally, followed by North America and then Europe.

The top country in terms of cross border venture financing deals activity in September 2021 was the US with 12 deals, followed by the India with five and China with three.

In 2021, as of September, consumer cross border venture financing deals worth $9.65bn were announced globally, marking an increase of 134.7% year on year.

consumer industry cross border venture financing deals in September 2021: Top deals

The top five consumer industry cross border venture financing deals accounted for 72.6% of the overall value during September 2021.

The combined value of the top five consumer cross border venture financing deals stood at $741m, against the overall value of $1bn recorded for the month.

The top five consumer industry cross border venture financing deals of September 2021 tracked by GlobalData were:

1) Canada Pension Plan Investment Board,Robert Allen Iger and Temasek Investments $350m venture financing deal with Perfect Day

2) The $200m venture financing of Hydrow by Justin Timberlake and Lizzo

3) Balderton Capital (UK),General Catalyst Partners,Index Ventures,Insight Partners and Latitude (UK) $100m venture financing deal with Beauty Pie

4) The $50m venture financing of Outer by C Ventures,Kathy Xu,MANTIS Venture Capital,Mucker Capital,Reimagined Ventures,Sequoia Capital China,TRAC VC,Tribe Capital,Unpopular Ventures and Upfront Ventures

5) Highland Europe (UK),HPE Growth Capital,Kreos Capital Group and Mayfair Equity Partners $41m venture financing deal with eGym

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.

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