1. Deals Analysis
April 29, 2019

Consumer industry venture financing deals in March 2019 total $2.2bn globally

Total consumer industry venture financing deals in March 2019 worth $2.2bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 103.7% over the previous month and a rise of 73.8% when compared with the last 12-month average, which stood at $1.26bn.

Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $1.63bn. At the country level, Singapore topped the list in terms of deal value at $1.47bn.

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

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The top country in terms of venture financing deals activity in March 2019 was the US with 87 deals, followed by China with 18 and India with ten.

In 2019, as of the end of March 2019, consumer venture financing deals worth $4.42bn were announced globally, marking an increase of 59.5% year on year.

Consumer industry venture financing deals in March 2019: Top deals

The top five consumer industry venture financing deals accounted for 81.6% of the overall value during March 2019.

The combined value of the top five consumer industry venture financing deals stood at $1.79bn, against the overall value of $2.2bn recorded for the month. The top announced consumer industry venture financing deal tracked by GlobalData in March 2019 was Hyundai Motor Group, Microsoft, OppenheimerFunds, Ping An Capital, Booking Holdings, SoftBank Vision Fund, Toyota Motor and Yamaha Motor’s $1.46bn venture financing of GrabTaxi Holdings.

In second place was the $100m venture financing of Glossier by Forerunner Ventures, Index Ventures, Institutional Venture Partners, Sequoia Capital Operations, Spark Capital, Thrive Capital and Tiger Global Management and in third place was Institutional Venture Partners, New Enterprise Associates, Norwest Venture Partners and Target’s $100m venture financing of Casper Sleep.

The $76m venture financing of 1stdibs.Com by Allen & Co of Florida, Foxhaven Asset Management, Groupe Artemis, Michael Zeisser, Sofina and T. Rowe Price Associates and Matrix Partners India and Tiger Global Management’s venture financing of Ola Electric Mobility for $56.33m held fourth and fifth positions, respectively.

This analysis considers only announced and completed 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.