Total retail industry venture financing deals in August 2020 worth $1.19bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 127.6% over the previous month and a rise of 59.3% when compared with the last 12-month average, which stood at $749.23m.
Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $776.07m. At the country level, the US topped the list in terms of deal value at $776.07m.
In terms of volumes, North America emerged as the top region for retail industry venture financing deals globally, followed by Asia-Pacific and then Middle East and Africa.
The top country in terms of venture financing deals activity in August 2020 was the US with 15 deals, followed by China with six and India with two.
In 2020, as of the end of August 2020, retail venture financing deals worth $5.56bn were announced globally, marking an increase of 8.9% year on year.
Retail industry venture financing deals in August 2020: Top deals
The top five retail industry venture financing deals accounted for 87.3% of the overall value during August 2020.
The combined value of the top five retail venture financing deals stood at $1.04bn, against the overall value of $1.19bn recorded for the month.
The top five retail industry deals of August 2020 tracked by GlobalData were:
1) Capital Today, Eastern Bell Capital and Tencent Holdings’ $358.28m venture financing of Yipin Fresh
2) The $350m venture financing of Fanatics by Fidelity Capital Investors, Franklin Templeton Investments, Neuberger Berman and Thrive Capital
3) Baillie Gifford &, D1 Capital Partners, Durable Capital Partners and T. Rowe Price Group’s $245m venture financing of JAND
4) The $50m venture financing of Drizly by Avenir Growth Capital and Tiger Global Management
5) NewSpring Capital’s venture financing of Fashionphile for $38.5m.
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.