The $30.76m venture financing of Sepax Technologies was the oil & gas industry’s top venture financing deal as total deals worth $142.09m were announced globally in March 2021, according to GlobalData’s deals database.
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The value marked a decrease of 20.7% over the previous month of $179.12m and a drop of 46.6% when compared with the last 12-month average, which stood at $266.05m.
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 $136.19m. At the country level, the US topped the list in terms of deal value at $136.19m.
In terms of volumes, North America emerged as the top region for oil & gas industry venture financing deals globally, followed by Europe .
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The top country in terms of venture financing deals activity in March 2021 was the US with 19 deals, followed by the France with two.
In 2021, as of March, oil & gas venture financing deals worth $993.93m were announced globally, marking an increase of 7.5% year on year.
oil & gas industry venture financing deals in March 2021: Top deals
The top three oil & gas industry venture financing deals accounted for 41% of the overall value during March 2021.
The combined value of the top three oil & gas venture financing deals stood at $58.47m, against the overall value of $142.09m recorded for the month.
The top three oil & gas industry venture financing deals of March 2021 tracked by GlobalData were:
1) China Life Health Fund and Fosun International’s $30.76m venture financing of Sepax Technologies
2) The $23m venture financing of Syzygy Plasmonics by Equinor Ventures, Evok Innovations, GOOSE Capital, Horizons Ventures and The Engine
3) Elaia Partners, French Recovery Plan and SOSV Investments’ $4.72m venture financing of Pili