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  1. Deals Analysis
December 20, 2021

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

By Nikitha Ladda

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.

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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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