Total technology industry venture financing deals in June 2019 worth $4.58bn were announced in the US, according to GlobalData’s deals database.
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The value marked an increase of 0.8% over the previous month and a drop of 10.4% when compared with the last 12-month average of $5.11bn.
The US held a 54.01% share of the global technology industry venture financing deal value that totalled $8.48bn in June 2019.
In terms of deal activity, the US recorded 334 deals during June 2019, marking a decrease of 16.3% over the previous month and a drop of 12.1% over the 12-month average.
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By GlobalDataThe US technology industry venture financing deals in June 2019: Top deals
The top five technology industry venture financing deals accounted for 24.5% of the overall value during June 2019.
The combined value of the top five technology industry venture financing deals stood at $1.12bn, against the overall value of $4.58bn recorded for the month. The top announced technology industry venture financing deal tracked by GlobalData in June 2019 was Elephant Venture Capital, Next Generation Technology Fund and TenEleven Ventures’ $300m venture financing of KnowBe4.
In second place was the $250m venture financing of TripActions by Andreessen Horowitz, Group 11, Lightspeed Venture Partners and Zeev Ventures and in third place was DFJ Growth Management, Founders Fund, G Squared, GV Management Co, Maverick Ventures, Mubadala Ventures, New Enterprise Associates, Public Sector Pension Investment Board, SoftBank Vision Fund and Sun Life Financial’s $205m venture financing of CollectiveHealth.
The $200m venture financing of Fungible by Norwest Venture Partners and SoftBank Vision Fund and MUFG Innovation Partners and Standard Chartered Bank’s venture financing of Symphony Communication Services for $165m held fourth and fifth positions, respectively.
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.