Technology industry

The European tech industry saw a 26.76% increase in AI deal activity in the first quarter of 2021

The European tech industry saw a 26.76% increase in AI deal activity in the first quarter of 2021


by Analytics Insight


May 7, 2021

Led by the $1.6 billion acquisition of Yandex, the European tech industry saw a 26.76% increase in AI deal activity in the first quarter of 2021, compared to the average of the last four quarters, according to GlobalData’s transaction database.

A total of 212 AI deals worth $5.05 billion were announced for the region during the first quarter of 2021, compared to the last four quarters average of 167.25 deals.

Of all deal types, venture capital funding saw the highest activity in Q1 2021 with 141 deals, representing a 66.5% share for the region.

In second place, mergers and acquisitions with 60 deals, followed by private equity deals with 11 deals, respectively capturing a 28.3% and 5.2% share of the overall AI deal activity for the trimester.

In terms of the value of AI deals, mergers and acquisitions was the largest category in the European tech industry with $3.37 billion, while venture finance and private equity deals totaled 1. $56 billion and $116.07 million.

Tech Industry Artificial Intelligence Deals in Europe Q1 2021: Top Deals

The top five AI technology deals accounted for a 75.7% share of overall value during the first quarter of 2021.

The combined value of the top five AI deals was $3.82 billion, compared to the aggregate value of $5.05 billion recorded for the quarter.

The top five tech industry AI deals in the first quarter of 2021 tracked by GlobalData were:

  • Yandex acquired by Janus Henderson Group for $1.6 billion
  • The acquisition of Adjust by AppLovin for $1 billion
  • 70Ventures and Practica Capital $610.8M Venture Funding of Biomatter Designs by UAB
  • The $450 million acquisition deal with Runtime Collective by Cision
  • Acquisition by Medallia of Decibel Insight for $160 million.

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Notes to Editors

This analysis only takes into account announced and concluded AI transactions from GlobalData’s financial transactions database and excludes all terminated and assumed transactions. The country and industry are defined based on the target company’s head office and dominant industry. The term “procurement” refers to both completed transactions and those in the process of being tendered.

GlobalData tracks real-time data on all M&A, private equity/venture capital, and asset transaction activity globally from thousands of company websites and other trusted sources.

About Global Data

4,000 of the world’s largest companies, including more than 70% of FTSE 100 companies and 60% of Fortune 100 companies, make better, better business decisions thanks to unique data, expert analysis and innovative solutions from GlobalData, all on one platform. GlobalData’s mission is to help our clients understand the future to be more successful and innovative in a range of industries, including healthcare, consumer, retail, technology, energy, finance and professional services.

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Analytics Insight is an influential platform dedicated to ideas, trends and opinions from the world of data-driven technologies. It monitors the developments, recognition and achievements of artificial intelligence, big data and analytics companies across the globe.

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