Power industry venture financing deals in Q1 2020 total $378.02m globally

27 April 2020 (Last Updated April 27th, 2020 11:12)

Power industry venture financing deals in Q1 2020 total $378.02m globally

Total power industry venture financing deals in Q1 2020 worth $378.02m were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 33.7% over the previous quarter and a drop of 74.9% when compared with the last four-quarter average, which stood at $1.51bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $238.64m. At the country level, the US topped the list in terms of deal value at $230.67m.

In terms of volumes, North America emerged as the top region for power industry venture financing deals globally, followed by Europe and then Asia-Pacific.

The top country in terms of venture financing deals activity in Q1 2020 was the US with 42 deals, followed by the UK with five and Canada with five.

In 2020, as of the end of Q1 2020, power venture financing deals worth $378.02m were announced globally, marking a decrease of 90.2% year on year.

Power industry venture financing deals in Q1 2020: Top deals

The top five power industry venture financing deals accounted for 40.9% of the overall value during Q1 2020.

The combined value of the top five power venture financing deals stood at $154.73m, against the overall value of $378.02m recorded for the month.

The top five power industry deals of Q1 2020 tracked by GlobalData were:

1) Banpu’s $72.01m venture financing of Sunseap Group

2) The $45m venture financing of Enovix by DCM Ventures, T. J. Rodgers, Trinity Ventures and York Capital Management

3) CAAP Creation, Davaniere Capital Partenaire, Demeter Partners, Ecotechnologies Fund, EIT InnoEnergy, Kouros, Region Sud Investissement and Supernova Invest’s $14.09m venture financing of NAWATechnologies

4) The $12m venture financing of Dandelion Energy by Collaborative Fund, Comcast Ventures, Ground Up Ventures, GV Management Co, Lennar and New Enterprise Associates

5) ACT Venture Capital, Electricity Supply Board, Energias de Portugal and Total Ventures’ venture financing of GridBeyond for $11.64m.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.


Visit our ‘Power Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the power industry.