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.
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