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  1. Deals Analysis
December 20, 2021updated 03 Feb 2022 1:45pm

Oil & Gas industry venture financing deals total $257.7m in North America in November 2021

By Carmen

Total oil & gas industry venture financing deals worth $257.7m were announced in North America in November 2021, led by $88.5m venture financing of Arris Composites , according to GlobalData’s deals database.

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The value marked an increase of 359.2% over the previous month of $56.11m and a rise of 1.5% when compared with the last 12-month average of $253.98m.

North America held a 49.50% share of the global oil & gas industry venture financing deal value that totalled $520.58m in November 2021. With a 47.82% share and deals worth $248.96m, the US was the top country in North America’s venture financing deal value across oil & gas industry.

In terms of venture financing deal activity, North America recorded 28 deals during November 2021, marking an increase of 100.00% over the previous month and a rise of 75.00% over the 12-month average. The US recorded 26 deals during the month.

North America oil & gas industry venture financing deals in November 2021: Top deals

The top three oil & gas industry venture financing deals accounted for 37.7% of the overall value during November 2021.

The combined value of the top three oil & gas venture financing deals stood at $97.22m, against the overall value of $257.7m recorded for the month.

The top three oil & gas industry venture financing deals of November 2021 tracked by GlobalData were:

1) Alumni Ventures Group,Bosch Ventures,Modern Venture Partners,New Enterprise Associates,Taiwania Capital Management,Valo Ventures and XN – US $88.5m venture financing deal with Arris Composites

2) The $5.4m venture financing of Interface Fluidics by Equinor Ventures

3) SVG Ventures THRIVE (USA),Vantech Capital and WUTIF Capital (VCC) $3.32m venture financing deal with Lucent Biosciences.

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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.

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