1. Deals Analysis
November 27, 2019

Retail industry venture financing deals in Q3 2019 total $2.97bn globally

Total retail industry venture financing deals in Q3 2019 worth $2.97bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 63.4% over the previous quarter and a rise of 96.6% when compared with the last four-quarter average, which stood at $1.51bn.

Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $1.61bn. At the country level, the US topped the list in terms of deal value at $1.07bn.

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

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The top country in terms of venture financing deals activity in Q3 2019 was the US with 60 deals, followed by China with 30 and India with 20.

In 2019, as of the end of Q3 2019, retail venture financing deals worth $6.23bn were announced globally, marking an increase of 51.7% year on year.

Retail industry venture financing deals in Q3 2019: Top deals

The top five retail industry venture financing deals accounted for 34.5% of the overall value during Q3 2019.

The combined value of the top five retail venture financing deals stood at $1.03bn, against the overall value of $2.97bn recorded for the month.

The top five retail industry deals of Q3 2019 tracked by GlobalData were:

1) 58.com and Tencent Holdings’ $300m venture financing of Zhuan Zhuan

2) The $200m venture financing of Capsule by Glade Brook Capital Partners, TCV and Thrive Capital

3) KKR &Inc’s $200m venture financing of Furong Xingsheng

4) The $175m venture financing of ThredUp by Irving Investors and Park West Asset Management

5) General Atlantic, Glynn Capital Management, Greenspring Associates, Heron Rock Capital, Lone Pine Capital, Mayeld Fund, MHS Capital, NextView Ventures and Norwest Venture Partners’ venture financing of Grove Collaborative for $150m.

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.