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  1. Deals Analysis
May 17, 2021

Construction & Real Estate industry venture financing deals total $520.13m in North America in Q1 2021

Led by $150m venture financing of SIDE, total construction & real estate industry venture financing deals worth $520.13m were announced in North America in Q1 2021, according to GlobalData’s deals database.

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The value marked an increase of 205.5% over the previous quarter and a rise of 159.8% when compared with the last four-quarter average of $200.21m.

North America held a 69.04% share of the global construction & real estate industry venture financing deal value that totalled $753.38m in Q1 2021. With a 65.20% share and deals worth $491.21m, the US was the top country in North America’s venture financing deal value across construction & real estate industry.

In terms of deal activity, North America recorded 33 deals during Q1 2021, marking an increase of 6.45% over the previous quarter and a rise of 21.10% over the last four-quarter average. The US recorded 31 deals during the month.

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

The top five venture financing deals accounted for 67.3% of the overall value during Q1 2021.

The combined value of the top five construction & real estate venture financing deals stood at $350m, against the overall value of $520.13m recorded for the quarter.

The top five construction & real estate 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.

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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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