Total consumer industry venture financing deals worth $157.87m were announced in Europe in March 2021, led by $47m venture financing of Meatable, according to GlobalData’s deals database.

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The value marked an increase of 95.6% over the previous month of $80.73m and a rise of 39.4% when compared with the last 12-month average of $113.28m.

Europe held an 8.44% share of the global consumer industry venture financing deal value that totalled $1.87bn in March 2021. With a 2.51% share and deals worth $47m, The Netherlands was the top country in Europe’s venture financing deal value across consumer industry.

In terms of venture financing deal activity, Europe recorded 31 deals during March 2021, marking an increase of 24.00% over the previous month and a rise of 19.23% over the 12-month average. The UK recorded 14 deals during the month.

Europe consumer industry venture financing deals in March 2021: Top deals

The top five consumer industry venture financing deals accounted for 64.6% of the overall value during March 2021.

The combined value of the top five consumer venture financing deals stood at $101.96m, against the overall value of $157.87m recorded for the month.

The top five consumer industry venture financing deals of March 2021 tracked by GlobalData were:

1) Agronomics, BY Capital Management, DSM Venturing, Humboldt Fund, Jeffrey Leiden, Rick Klausner, Section 32 and Taavet Hinrikus’ $47m venture financing of Meatable

2) The $23.76m venture financing of COSI Hospitality by Cherry Ventures, E.Ventures, Kreos Capital Group and Soravia Group

3) Blue Horizon Ventures, Gaydoul Group, Good Seed Ventures, Joyance Partners and Yann Sommer’s $18.25m venture financing of Planted Foods

4) The $8.26m venture financing of SBluu by Be8 Ventures Management, CPT Capital, Lever VC, Manta Ray Ventures and Norrsken VC

5) Colle Capital Partners and VNV Global’ venture financing of YHPL for $4.69m.