Led by $78m venture financing of Tesseract Energy, total power industry cross border venture financing deals worth $345.5m were announced in Europe in Q3 2022, according to GlobalData’s deals database.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

 
  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

The value marked a decrease of 77.1% over the previous quarter and a drop of 55.7% when compared with the last four-quarter average of $780.64m.

Europe held a 26.78% share of the global power industry cross border venture financing deal value that totalled $1.29bn in Q3 2022. With an 8.12% share and deals worth $104.69m, Germany was the top country in Europe’s cross border venture financing deal value across power industry.

In terms of deal activity, Europe recorded 22 cross border deals during Q3 2022, marking a decrease of 21.43% over the previous quarter and a rise of 7.32% over the last four-quarter average. Germany recorded five deals during the month.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Europe power industry cross border venture financing deals in Q3 2022: Top deals

The top five cross border venture financing deals accounted for 64.4% of the overall value during Q3 2022.

The combined value of the top five power cross border venture financing deals stood at $222.63m, against the overall value of $345.5m recorded for the quarter.

The top five power cross border deals of Q3 2022 tracked by GlobalData were:

1) Accel, Balderton Capital (UK), BoxGroup, Chris Sacca, Creandum, John Doran, Lakestar Advisors, Lowercarbon Capital, Martin Mignot, Nico Rosberg, Ribbit and Tom Stafford’s $78m venture financing deal with Tesseract Energy

2) The $50.36m venture financing of Quantron by Ballard Power Systems and Neuman & Esser GmbHKG

3) Breakthrough Energy Ventures, Deutz and Vaekstfonden’s $36.89m venture financing deal with Blue World Technologies

4) The $29.91m venture financing of Elestor by EIT InnoEnergy, Enfuro Ventures, Equinor Energy Ventures, Invest-NL, Koninklijke Vopak and Somerset Capital Partners

5) Air Liquide Venture Capital, Siparex Group and TiLT Capital Partners’s $27.47m venture financing deal with Orcan Energy