Total retail industry venture financing deals in January 2020 worth $772.14 million were announced globally, according to GlobalData’s deals database. The value marked a decrease of 24.6% over the previous month and a rise of 9.7% when compared with the last 12-month average, which stood at $704.01 million.
North America topped regional deal-making, with total announced deals in the period worth $358.67 million. At the country level, the U.S. topped the list in terms of deal value at $358.67 million.
In terms of volume, North America emerged as the top region for retail venture financing deals globally, followed by Europe and then Asia-Pacific. The top country in terms of venture financing deals activity in January 2020 was the U.S. with 14 deals, followed by India with five and China with four.
In 2020, as of the end of January 2020, retail venture financing deals worth $772.14 million were announced globally, marking an increase of 45.7% year on year.
Top retail venture financing deals in January 2020
The top five retail venture financing deals accounted for 76.2% of the overall value during January 2020. The combined value of the top five retail venture financing deals stood at $588.3 million, against the overall value of $772.14 million recorded for the month. The top five retail deals of January 2020 tracked by GlobalData were:
- Greenoaks Capital Management, Jackson Square Ventures, Olive Tree Capital, SoftBank Vision Fund II and Zola Global Investors’ $250 million venture financing of Alto
- The $139 million venture financing of Colibri-ManoMano by Eurazeo, General Atlantic, Kismet Holdings, Bpifrance Financement, Piton Capital and Temasek Holdings (Private)
- Alibaba Group Holding, China Create Capital, Joy Capital, Qiming Venture Capital, Strategy Capital and Zhenge Fund’s $88.3 million venture financing of Shihui Group
- The $60 million venture financing of Home Interior Designs E-commerce by EDB Investment, Tahoe Investment Group, KHARIS CAPITAL, Mercer (Singapore) and Nicholas Cator
- Apax Digital Fund, Comerica Bank, New Enterprise Associates, Santo Domingo Family and TriplePoint Capital’s venture financing of Moda Operandi for $51 million.