Total retail industry venture financing deals in September 2019 worth $1.25bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 1.6% over the previous month and a rise of 130.2% when compared with the last 12-month average, which stood at $545.02m.
Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $653m. At the country level, China topped the list in terms of deal value at $597.65m.
In terms of volumes, North America emerged as the top region for retail industry venture financing deals globally, followed by Asia-Pacific and then Europe.
The top country in terms of venture financing deals activity in September 2019 was the US with 16 deals, followed by China with eight and India with four.
In 2019, as of the end of September 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 September 2019: Top deals
The top five retail industry venture financing deals accounted for 74.4% of the overall value during September 2019.
The combined value of the top five retail venture financing deals stood at $933m, against the overall value of $1.25bn recorded for the month.
The top five retail industry deals of September 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’s $200m venture financing of Furong Xingsheng
4) The $150m venture financing of Grove Collaborative by General Atlantic, Glynn Capital Management, Greenspring Associates, Heron Rock Capital, Lone Pine Capital, Mayeld Fund, MHS Capital, NextView Ventures and Norwest Venture Partners
5) TCG Capital Management’s venture financing of Food52 for $83m.
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.