Consumer industry venture financing deals in October 2020 total $2.51bn globally

27 November 2020 (Last Updated November 27th, 2020 13:22)

Consumer industry venture financing deals in October 2020 total $2.51bn globally

Total consumer industry venture financing deals in October 2020 worth $2.51bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 77.1% over the previous month and a rise of 41.9% when compared with the last 12-month average, which stood at $1.77bn.

Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $1.25bn. At the country level, China topped the list in terms of deal value at $998.55m.

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

The top country in terms of venture financing deals activity in October 2020 was the US with 41 deals, followed by China with 28 and India with 17.

In 2020, as of the end of October 2020, consumer venture financing deals worth $18.06bn were announced globally, marking a decrease of 14.6% year on year.

Consumer industry venture financing deals in October 2020: Top deals

The top five consumer industry venture financing deals accounted for 62.3% of the overall value during October 2020.

The combined value of the top five consumer venture financing deals stood at $1.57bn, against the overall value of $2.51bn recorded for the month.

The top five consumer industry deals of October 2020 tracked by GlobalData were:

1) Chengtong Fund Management, Futian Capital, Hengan International Group, Industrial Bank and Lenovo Ventures Group’s $412.78m venture financing of Beijing DMall E-commerce

2) The $380m venture financing of GoBrands by Accel, D1 Capital Partners, Luxor Capital Group and SoftBank Vision Fund

3) C&D Xinxing Investment, China State-owned Enterprise Structural Adjustment Fund, GLP Fund, Jingwei China, Legend Capital, Tencent Holdings, Tiger Fund, Tongchuang Weiye, Yuansheng Capital, Yunfeng Fund L.P and Zhong Ding Capital’s $315m venture financing of Qingdao Zhenkun Trading

4) The $309.63m venture financing of Cazoo by BlackRock, D1 Capital Partners, DMG ventures, Durable Capital Partners, Fidelity Management & Research, General Catalyst Partners, L Catterton, Mubadala Capital, Novator Partners and The Spruce House Partnership

5) SoftBank China Capital’s venture financing of Jingle Fast Medicine Technology Group for $149.38m.

Verdict deals analysis methodology

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.

 

Visit our ‘Retail Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the retail industry.