Almasalla news | Arab Tourism Portal News
Total tourism & leisure industry cross border venture financing deals worth $1.5bn were announced globally in Q2 2021, led by $650m venture financing of FlixMobility, according to GlobalData’s deals database.
The value marked an increase of 421.4% over the previous quarter and a rise of 509.4% when compared with the last four-quarter average, which stood at $242.88m.
Comparing cross border deals value in different regions of the globe, Europe held the top position, with total announced deals worth $1bn in the period. At the country level, the Germany topped the list in terms of deal value at $745.23m.
The top country in terms of cross border venture financing deals activity in Q2 2021 was the France with three deals, followed by Germany with three and India with three.
The combined value of the top five cross border venture financing deals stood at $1.18bn, against the overall value of $1.5bn recorded for the quarter.
The top five tourism & leisure industry cross border venture financing deals of Q2 2021 tracked by GlobalData were:
The $176.9m venture financing of Cityneon by Doha Venture Capital, EDBI, Pavilion Capital, Ron Tan and Seatown Holdings International
Canary Fund – Brazil, Globo Ventures, Iporanga Ventures, Lightrock, Monashees, SoftBank and Valor Capital Group’s $138.61m venture financing of BUSER BRASIL TECNOLOGIA
The $115m venture financing of Comuto by FMZ Ventures, Otiva and VNV Global
Alpha Wave Investors, Falcon Edge Capital, Matrix Partners India, Moraine Master, Redwood Trust, SCI Investments V and Sequoia Capital’ venture financing of Stanza Living for $100m.