US Tech Financing Deals Uncovered

Total technology industry venture financing deals in Q4 2019 worth $13.64bn were announced in the US, according to GlobalData’s deals database.

The value marked an increase of 2.5% over the previous quarter and a drop of 12.5% when compared with the last four-quarter average of $15.7bn.

The US held a 39.6% share of the global technology industry venture financing deal value that totalled $34.43bn in Q4 2019.

In terms of deal activity, the US recorded 1047 deals during Q4 2019, marking a drop of 4.8% over the previous quarter and a drop of 21% over the last four-quarter average.

The US technology industry venture financing deals in Q4 2019: Top deals

The top five technology industry venture financing deals accounted for 11.7% of the overall value during Q4 2019.

The combined value of the top five technology venture financing deals stood at $1.59bn, against the overall value of $13.64bn recorded for the month.

The top five technology industry deals of Q4 2019 tracked by GlobalData were:

Alkeon Capital, Andreessen Horowitz, BlackRock, Coatue Management, Dragoneer Investment Group, Geodesic Capital, Green Bay Ventures, Microsoft, New Enterprise Associates, Tiger Global Management and T Rowe Price Associates’ $400m venture financing of DatabricksThe $400m venture financing of Convoy by Baillie Gifford &, CapitalG, Durable Capital Partners, Fidelity Management & Research, Generation Investment Management, Lone Pine Capital and T Rowe Price AssociatesAndreessen Horowitz, Baillie Gifford &, Bedrock Capital Partners, Brookfield Growth Partners, Founders Fund and Quantum Energy Partners’ $300m venture financing of RigUpThe $290m venture financing of Automation Anywhere by Goldman Sachs & Co, Salesforce Ventures and SoftBank Investment AdvisersBaillie Gifford &, BlackRock, Canada Pension Plan Investment Board, Greycroft Partners, NewView Capital, Revolution Growth and Sands Capital Ventures’ venture financing of Scopely for $200m.