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  1. Deals Analysis
May 25, 2021

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

By Carmen

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.

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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.

Related Companies

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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