Construction & real estate industry venture financing deals in Q2 2020 total $743.96m globally

28 July 2020 (Last Updated July 28th, 2020 13:48)

Construction & real estate industry venture financing deals in Q2 2020 total $743.96m globally

Total construction & real estate industry venture financing deals in Q2 2020 worth $743.96m were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 33.3% over the previous quarter and a drop of 52.6% when compared with the last four-quarter average, which stood at $1.57bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $299.58m. At the country level, the US topped the list in terms of deal value at $294.25m.

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

The top country in terms of venture financing deals activity in Q2 2020 was the US with 26 deals, followed by China with seven and Germany with six.

In 2020, as of the end of Q2 2020, construction & real estate venture financing deals worth $1.3bn were announced globally, marking a decrease of 40.4% year on year.

Construction & real estate industry venture financing deals in Q2 2020: Top deals

The top five construction & real estate industry venture financing deals accounted for 56.4% of the overall value during Q2 2020.

The combined value of the top five construction & real estate venture financing deals stood at $419.5m, against the overall value of $743.96m recorded for the month.

The top five construction & real estate industry deals of Q2 2020 tracked by GlobalData were:

1) Sequoia Capital China and Tencent Holdings’ $244m venture financing of Shimao Services

2) The $75m venture financing of Henan Jianye New Life Service by Hillhouse Capital Group

3) Canaan Partners, Jackson Square Ventures, Lightspeed Management Company and Wells Fargo &'s $41.5m venture financing of Mynd Management

4) The $30m venture financing of NoBroker Technologies Solutions Pvt by General Atlantic

5) Bessemer Venture Partners, Scale Venture Partners and Zigg Capital's venture financing of Spruce Holdings for $29m.

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.