Oil & Gas industry venture financing deals total $480.5m in US in April 2021

Total oil & gas industry venture financing deals worth $480.5m were announced in the US in April 2021, led by $128m venture financing of Crusoe Energy Systems, according to GlobalData’s deals database.

The value marked an increase of 252.8% over the previous month of $136.19m and a rise of 151.9% when compared with the last 12-month average of $190.75m.

The US held a 97.82% share of the global oil & gas industry venture financing deal value that totalled $491.17m in April 2021.

In terms of venture financing deal activity, the US recorded 26 deals during April 2021, marking an increase of 36.84% over the previous month and a rise of 52.94% over the 12-month average.

US oil & gas industry venture financing deals in April 2021: Top deals

The top three oil & gas industry venture financing deals accounted for 40.16% of the overall value during April 2021.

The combined value of the top three oil & gas venture financing deals stood at $193m, against the overall value of $480.5m recorded for the month.

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

1) Bain Capital Ventures, Coinbase Ventures, DRW Venture Capital, EXOR, Founders Fund, KCK Group, Lowercarbon Capital, Polychain Capital, Upper90, Valor Equity Partners, Winklevoss Capital Management and Zigg Capital’s $128m venture financing of Crusoe Energy Systems

2) The $50m venture financing of Seeq by Altira Group, Chevron Technology Ventures, Cisco Investments, Insight Partners, Saudi Aramco Energy Ventures and Second Avenue Partners

3) OGCI Climate Investments and Talis Capital’s $15m venture financing of Andium.