US construction & real estate industry venture financing deals in Q1 2021
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Construction & Real Estate industry venture financing deals total $491.21m in US in Q1 2021

17 May 2021

Total construction & real estate industry venture financing deals worth $491.21m were announced in the in Q1 2021, with $150m venture financing of SIDE being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 239.6% over the previous quarter and a rise of 158.6% when compared with the last four-quarter average of $189.94m.

The US held a 65.20% share of the global construction & real estate industry venture financing deal value that totalled $753.38m in Q1 2021.

In terms of deal activity, the US recorded 31 deals during Q1 2021, marking an increase of 14.81% over the previous quarter and a a rise of 29.17% over the last four-quarter average.

US construction & real estate industry venture financing deals in Q1 2021: Top deals

The top five construction & real estate industry venture financing deals accounted for 71.3% of the overall value during Q1 2021.

The combined value of the top five venture financing deals stood at $350m, against the overall value of $491.21m recorded for the quarter.

The top five construction & real estate industry deals of Q1 2021 tracked by GlobalData were:

1) Coatue Management, Matrix Partners, Sapphire Ventures and Trinity Ventures’ $150m venture financing of SIDE

2) The $75m venture financing of Pacaso by Acrew Diversify Capital Fund, First American Financial, Global Founders Capital, Greycroft Partners, Jeff Wilke and Shea Ventures

3) Foundry Group, Greycroft Partners and Maveron’s $45m venture financing of Caliza

4) The $40m venture financing of MSP Electric by 01 Advisors 01, Bessemer Venture Partners, GGV Capital, Greenspring Associates and Primary Ventures

5) Austen Allred, Brett Rotchkind, Comerica, Dave Vasen, Elliot Cohen, Eric Wu , Kevin Hartz, Larry Summers, Laurence Tosi, Manish Chandra, Roger Lee, Sam Corcos, Sarah Friar, TJ Parker and William Barnes’ venture financing of Belong Home for $40m.

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.