Consumer industry cross border venture financing deals total $245.81m globally in December 2020

27 January 2021 (Last Updated February 12th, 2021 07:32)

The $182.28m venture financing of Bolt Technology was the consumer industry’s top cross border venture financing deal as total deals worth $245.81m were announced globally in December 2020, according to GlobalData’s deals database.

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The value marked an increase of 15.4% over the previous month of $212.93m and a drop of 5.2% when compared with the last 12-month average, which stood at $259.39m.

Comparing cross border venture financing deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $222.89m. At the country level, the Estonia topped the list in terms of deal value at $182.28m.

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

The top country in terms of cross border venture financing deals activity in December 2020 was the Singapore with four deals, followed by the UK with three and Republic of Korea (South Korea) with three.

In 2020, as of December, consumer cross border venture financing deals worth $2.98bn were announced globally, marking a decrease of 60.6% year on year.

consumer industry cross border venture financing deals in December 2020: Top deals

The top five consumer industry cross border venture financing deals accounted for 93.5% of the overall value during December 2020.

The combined value of the top five consumer cross border venture financing deals stood at $229.72m, against the overall value of $245.81m recorded for the month.

The top five consumer industry cross border venture financing deals of December 2020 tracked by GlobalData were:

1) D1 Capital Partners and Darsana Capital Partners’ $182.28m venture financing of Bolt Technology

2) The $24.24m venture financing of finn by David Schneider, Heartcore Capital, HV Capital Adviser, Picus Capital, Robert Gentz, Rubin Ritter, UVC Partners and White Star Capital

3) Minrav Holdings and PeakBridge’ $10m venture financing of Qualitas Health

4) The $7m venture financing of Clean Beauty by Ian Lopatin, Point King Capital and Unilever Ventures

5) Eat Beyond Global Investment Fund, Green Monday Ventures, KBW Ventures and Verso Capital Partners’ venture financing of TurtleTree Labs for $6.2m.

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.