View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Deals Analysis
February 22, 2021

Power industry venture financing deals total $824.6m in US in January 2021

By Baghmar P

Total power industry venture financing deals worth $824.6m were announced in the US in January 2021, led by $590m venture financing of Sila Nanotechnologies, according to GlobalData’s deals database.

  • 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 an increase of 436% over the previous month of $153.85m and a rise of 434.5% when compared with the last 12-month average of $154.29m.

The US held a 76.35% share of the global power industry venture financing deal value that totalled $1.08bn in January 2021.

In terms of venture financing deal activity, the US recorded 20 deals during January 2021, marking a decrease of 23.08% over the previous month and a rise of 25.00% over the 12-month average.

US power industry venture financing deals in January 2021: Top deals

The top three power industry venture financing deals accounted for 80.09% of the overall value during January 2021.

The combined value of the top three power venture financing deals stood at $660m, against the overall value of $824.6m recorded for the month.

The top three power industry venture financing deals of January 2021 tracked by GlobalData were:

1) 8VC , Bessemer Venture Partners, Canada Pension Plan Investment Board, Coatue Management, Sutter Hill Ventures and T Rowe Price Associates’ $590m venture financing of Sila Nanotechnologies

2) The $50m venture financing of FreeWire Technologies by Alumni Ventures Group, BP Ventures, Energy Innovation Capital, Riverstone Holdings and TRIREC Pte.

3) Amazon Alexa Fund and Munich Re Ventures’ $20m venture financing of Span.IO

Related Companies

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.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Power Technology