Total consumer industry venture financing deals worth $216m were announced in Europe in May 2021, led by $60m venture financing of Virtuo Technologies , according to GlobalData’s deals database.

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The value marked a decrease of 10.3% over the previous month of $240.91m and a rise of 57.3% when compared with the last 12-month average of $137.33m.

Europe held a 22.45% share of the global consumer industry venture financing deal value that totalled $962.24m in May 2021. With an 11.24% share and deals worth $108.16m, the UK was the top country in Europe’s venture financing deal value across consumer industry.

In terms of venture financing deal activity, Europe recorded 29 deals during May 2021, marking a decrease of 3.33% over the previous month and a rise of 7.41% over the 12-month average. The UK recorded 13 deals during the month.

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

The top five consumer industry venture financing deals accounted for 72.7% of the overall value during May 2021.

The combined value of the top five consumer venture financing deals stood at $157m, against the overall value of $216m recorded for the month.

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

1) Alpha Intelligence Capital , AXA Venture Partners , Balderton Capital , Bpifrance Large Venture , Holding Italiana Quattordicesima , Iris Capital and Raise Ventures ‘ $60m venture financing of Virtuo Technologies

2) The $40m venture financing of Daring Foods by D1 Capital Partners , Drake Management , Maveron and Palm Tree Crew Investments

3) Balderton Capital (UK), Eight Roads Ventures , GV Management Co, JamJar Investments and Latitude (UK)’s $34m venture financing of smol

4) The $12m venture financing of SNoie by InVenture Capital , Kristian Schroder Hart-Hansen, Talis Capital and Thomas Ryge Mikkelsen

5) adm ventures, Apater Capital , Cibus Fund and H – Farm’ venture financing of Rem3dy Health for $11m.