Total payments industry venture financing deals worth $587.2m were announced in the US in July 2021, led by $75m venture financing of MobileCoin, according to GlobalData’s deals database.
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The value marked an increase of 587.6% over the previous month of $85.4m and a rise of 83.5% when compared with the last 12-month average of $320.01m.
The US held a 34.34% share of the global payments industry venture financing deal value that totalled $1.71bn in July 2021.
In terms of venture financing deal activity, the US recorded 27 deals during July 2021, marking an increase of 200.00% over the previous month and a rise of 145.45% over the 12-month average.
US payments industry venture financing deals in July 2021: Top deals
The top five payments industry venture financing deals accounted for 48.5% of the overall value during July 2021.
The combined value of the top five payments venture financing deals stood at $285m, against the overall value of $587.2m recorded for the month.
The top five payments industry venture financing deals of July 2021 tracked by GlobalData were:
1) MobileCoin $75m venture financing deal with Future Ventures and General Catalyst Partners
2) The $60m venture financing of Eco by a16zcrypto,Activant Capital Group,L Catterton Management,Lightspeed Management Company,LionTree Partners and Valor Equity Partners
3) Pay with Privacy $60m venture financing deal with Bessemer Venture Partners,Commerce Ventures Management,Exor S.N (USA),Index Ventures (US),Rainfall Ventures,Stripes and Tusk Venture Partners
4) The $40m venture financing of Cardless by Accomplice Ventures,Activant Capital Group,Boston Celtics,Pear VC and Phoenix Suns
5) PayStand $50m venture financing deal with Industrious Ventures,King River Capital,NewView Capital,Opportunity Fund III and Transform Capital
