Construction & real estate industry venture financing deals in Q2 2019 total $1.3bn globally

18 July 2019 (Last Updated July 18th, 2019 07:42)

Construction & real estate industry venture financing deals in Q2 2019 total $1.3bn globally

Total construction & real estate industry venture financing deals in Q2 2019 worth $1.3bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 58.8% over the previous quarter and a rise of 64.5% when compared with the last four-quarter average, which stood at $789.37m.

Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $749.35m. At the country level, China topped the list in terms of deal value at $678.75m.

In terms of volumes, North America emerged as the top region for construction & real estate industry venture financing deals globally, followed by Asia-Pacific and then Europe.

The top country in terms of venture financing deals activity in Q2 2019 was the US with 25 deals, followed by China with seven and India with six.

In 2019, as of the end of Q2 2019, construction & real estate venture financing deals worth $2.12bn were announced globally, marking a decrease of 4.2% year on year.

Construction & real estate industry venture financing deals in Q2 2019: Top deals

The top five construction & real estate industry venture financing deals accounted for 70.3% of the overall value during Q2 2019.

The combined value of the top five construction & real estate industry venture financing deals stood at $912.65m, against the overall value of $1.3bn recorded for the quarter. The top announced construction & real estate industry venture financing deal tracked by GlobalData in Q2 2019 was General Atlantic, Sequoia Capital China, Tencent Holdings and Tiantu Capital's $500m venture financing of Beijing Freedom Information Technology.

In second place was the $160m venture financing of Lyric Hospitality by Adam Bain, Airbnb, Barry Sternlicht, Dick Costolo, New Enterprise Associates, Obvious Ventures, RXR Realty, SignalFire Management Services, Sinewave Ventures, Tishman Speyer Properties and Tusk Ventures and in third place was IDG Capital's $145.38m venture financing of KR Space (Beijing) Information Technology.

The $56.6m venture financing of McMakler by Frog Capital, Israel Growth Partners and Target Global and Beenext Ventures, General Atlantic, Rocketship.vc and SAIF Partners India's venture financing of NoBroker Technologies Solutions for $50.67m held fourth and fifth positions, respectively.

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.