Total technology industry future of work deals worth $1.7bn were announced globally for May 2021, with the $382.85m private equity deal with Redwood Software Nederland being the sector’s biggest investment, according to GlobalData’s deals database.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

The value marked a decrease of 62.1% over the previous month of $4.46bn and a drop of 74.3% when compared with the last 12-month average of $6.58bn.

In terms of number of future of work deals, the sector saw a drop of 25.00% with 54 deals in May 2021 when compared to the last 12-month average of 72 deals.

In value terms, North America led the activity with future of work deals worth $682.76m in May 2021.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

technology industry future of work deals in May 2021: Top deals

The top five future of work deals accounted for 71.03% of the overall value during May 2021.

The combined value of the top five future of work deals stood at $1.2bn, against the overall value of $1.7bn recorded for the month.

The top five technology industry future of work deals of May 2021 tracked by GlobalData were:

1) Turn/River Capital’s $382.85m private equity deal with Redwood Software Nederland

2) The $300m acquisition of Prospera Technologies by Valmont Industries

3) Better Collective’s $240m acquisition of Action Network

4) The $175m venture financing deal of Riiid by SoftBank Vision Fund II

5) Baseline Ventures, Eleven Prime, Greenspring Associates, Institutional Venture Partners, NextEquity Partners, Owl Rock Capital Partners, Sapphire Ventures, Scale Venture Partners, Threshold Ventures and Top Tier Capital Partners’ venture financing deal with Circle Internet Services for $100m.