Sweden’s technology industry saw a drop of 8.33% in overall deal activity during April 2021, when compared with the last 12-month average, led by Accel, CPP Investments, Creandum, Fidelity Management & ResearchLLC, Index Ventures, Ontario Teachers’ Pension Plan and Project A Ventures’ $316.82m venture financing of KRY International, according to GlobalData’s deals database.

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A total of 22 deals worth $715.6m were announced in April 2021, compared with the 12-month average of 24 deals.

venture financing was the leading category in the month in terms of volume with 12 deals, which accounted for 54.6% of all deals.

In second place was M&A with nine deals, followed by private equity with one transactions, respectively accounting for 40.9% and 4.6% of overall deal activity in the Sweden’s technology industry during the month.

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In terms of value of deals, venture financing was the leading deal category in Sweden’s technology industry with total deals worth $653.59m, while private equity and M&A deals totalled $42.41m and $19.62m respectively.

Sweden technology industry deals in April 2021: Top deals

The top five technology industry deals accounted for 94.8% of the overall value during April 2021.

The combined value of the top five technology deals stood at $678.04m, against the overall value of $715.6m recorded for the month.

The top five technology industry deals of April 2021 tracked by GlobalData were:

1) Accel,CPP Investments,Creandum,Fidelity Management & ResearchLLC,Index Ventures,Ontario Teachers’ Pension Plan and Project A Ventures $316.82m venture financing deal with KRY International

2) The $300m venture financing of KRY (Sweden) by CPP Investments and Fidelity Asia Ventures Fund

3) Creades $42.41m private equity deal with Pricerunner Sweden

4) The $12.28m acquisition of Conoa by Proact IT Group

5) Knutsson Holdings,Norwegian Carucel Finance and Svea Ekonomi $6.53m venture financing deal with Epulze