Total power industry venture financing deals in Q4 2020 worth $717.97m were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 31.3% over the previous quarter and a rise of 14.02% when compared with the last four-quarter average, which stood at $629.68m.
Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $469.53m. At the country level, the US topped the list in terms of deal value at $416.53m.
In terms of volumes, North America emerged as the top region for power industry venture financing deals globally, followed by Asia-Pacific and then Europe.
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By GlobalDataThe top country in terms of venture financing deals activity in Q4 2020 was the US with 60 deals, followed by Canada with three and China with three.
In 2020, as of the end of Q4 2020, power venture financing deals worth $2.66bn were announced globally, marking a decrease of 55.9% year on year.
Power industry venture financing deals in Q4 2020: Top deals
The top five power industry venture financing deals accounted for 30.7% of the overall value during Q4 2020.
The combined value of the top five power venture financing deals stood at $220.32m, against the overall value of $717.97m recorded for the month.
The top five power industry deals of Q4 2020 tracked by GlobalData were:
1) Business Development Bank of Canada, Caisse de depot et placement du Quebec, Export Development Canada, Fonds de solidarite FTQ, Investissement Quebec, MacKinnon and Bennett &Inc.’s $53m venture financing of AddEnergie Technologies
2) The $52.25m venture financing of Sono Motors by DNCA Investments and Swedbank
3) Adyen, EIT InnoEnergy, FirstFloor Capital Sdn, Harju Elekter and MM Grupp’s $48.06m venture financing of Skeleton Technologies
4) The $34m venture financing of WiTricity by Air Waves Wireless Electricity, Mitsubishi(Americas) and Stage one Ventures
5) Emerson Collective, The 2040 Fund and The Builders Fund’s venture financing of PosiGen for $33m.
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.