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  1. Deals Analysis
February 1, 2021

US venture financing deals in power industry sees a rise of 42.9% in Q4 2020

By Baghmar P

The US power industry witnessed a rise of 42.9% in venture financing deal activity during Q4 2020, over the last four-quarter average, according to GlobalData’s deals database.

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The industry observed 60 venture financing deals during the quarter when compared with the last four-quarter average of 42 deals. On comparison with the previous quarter, it recorded a rise of 53.9% in Q4 2020.

Total venture financing deals worth $416.53m were announced in power industry in the US during Q4 2020.

The value marked a decrease of 51.01% over the previous quarter and a drop of 5.1% when compared with the last four-quarter average, which was $439.12m.

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At a global level, the US venture financing deal activity in the power industry held a 66.7% share during the quarter in terms of deal volume and a 58.02% share in terms of deal value.

The US venture financing deals in power industry in Q4 2020: Top deals

The top five power venture financing deals accounted for 28.8% of the overall value during Q4 2020.

The combined value of the top five power venture financing deals stood at $120m, against the overall value of $416.53m recorded for the quarter.

The top five US power venture financing deals tracked by GlobalData in Q4 2020 are:

1) Air Waves Wireless Electricity, Mitsubishi(Americas) and Stage one Ventures’ $34m venture financing of WiTricity.

2) The $33m venture financing of PosiGen by Emerson Collective, The 2040 Fund and The Builders Fund

3) Ajax Strategies, NGP Energy Technology Partners and Prelude Ventures’ $25m venture financing of Voltus.

4) The $20m venture financing of OhmConnect by Sidewalk Infrastructure Partners

5) Climate Capital, Good Growth Capital, Grant Hummer, Jack Fuchs, James Fickel, Jonathan Lin, Safar Partners, Sid Sijbrandij, Sierra Peterson and Vitalik Buterin’s venture financing of Swift Solar for $8m.

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.

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.


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