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  1. Deals Analysis
June 3, 2021

Oil & Gas industry venture financing deals total $917.92m in North America in Q1 2021

By Carmen

Led by $103m venture financing of Anuvia Plant Nutrients Holdings, total oil & gas industry venture financing deals worth $917.92m were announced in North America in Q1 2021, according to GlobalData’s deals database.

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The value marked an increase of 403.4% over the previous quarter and a rise of 47.8% when compared with the last four-quarter average of $621.06m.

North America held a 92.35% share of the global oil & gas industry venture financing deal value that totalled $993.93m in Q1 2021. With a 92.35% share and deals worth $917.92m, the US was the top country in North America’s venture financing deal value across oil & gas industry.

In terms of deal activity, North America recorded 55 deals during Q1 2021, marking an increase of 48.65% over the previous quarter and a drop of 3.08% over the last four-quarter average. The US recorded 55 deals during the month.

North America oil & gas industry venture financing deals in Q1 2021: Top deals

The top three venture financing deals accounted for 17.07% of the overall value during Q1 2021.

The combined value of the top three oil & gas venture financing deals stood at $156.76m, against the overall value of $917.92m recorded for the quarter.

The top three oil & gas deals of Q1 2021 tracked by GlobalData were:

1) L.P, Generate Capital, Piva, Pontifax Global Food and Agriculture Technology Fund and TPG Alternative and Renewable Technologies Partners’ $103m venture financing of Anuvia Plant Nutrients Holdings

2) The $30.76m venture financing of Sepax Technologies by China Life Health Fund and Fosun International

3) Equinor Ventures, Evok Innovations, GOOSE Capital, Horizons Ventures and The Engine’s $23m venture financing of Syzygy Plasmonics.

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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