The $55m venture financing of Bridger Photonics was the oil & gas industry’s top venture financing deal as total deals worth $141.3m were announced globally in September 2022, according to GlobalData’s deals database.

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The value marked an increase of 75.1% over the previous month of $80.68m and a drop of 50.2% when compared with the last 12-month average, which stood at $283.71m.

Comparing venture financing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $103.01m. At the country level, the US topped the list in terms of deal value at $99.51m.

In terms of volumes, North America emerged as the top region for oil & gas industry venture financing deals globally, followed by Europe and then Asia-Pacific.

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The top country in terms of venture financing deals activity in September 2022 was the US with 15 deals, followed by the UK with two and China with two.

In 2022, as of September, oil & gas venture financing deals worth $1.87bn were announced globally, marking a decrease of 38.03% year on year.

oil & gas industry venture financing deals in September 2022: Top deals

The top five oil & gas industry venture financing deals accounted for 63.9% of the overall value during September 2022.

The combined value of the top five oil & gas venture financing deals stood at $90.28m, against the overall value of $141.3m recorded for the month.

The top five oil & gas industry venture financing deals of September 2022 tracked by GlobalData were:

1) Beaverhead Partners LLC, Carica Sustainable Investments, Madison Valley Partners and Next Frontier Capital’s $55m venture financing deal with Bridger Photonics

2) The $14.43m venture financing of Guangzhou Yihua Digital Technology by Gao Rui Fund

3) Convent Capital, Horizon 3, PDENH and SHIFT Invest’s $10.91m venture financing deal with ChainCraft

4) The $6.45m venture financing of Tunable by Gaztransport & Technigaz and TRUMPF Venture

5) BDC Capital, Enbridge and Hatch’s $3.5m venture financing deal with FlyScan Systems