Tourism leisure financing deals top $1bln in Q2: report

Tourism leisure financing deals top $1bln in Q2: report

In terms of volumes, Asia-Pacific emerged as the top region for tourism & leisure industry venture financing deals globally, followed by North America and then Europe. The top country in terms of venture financing deals activity in Q2 2020 was the US with 19 deals, followed by India with nine and China with eight. In 2020, as of the end of Q2 2020, tourism & leisure venture financing deals worth $1.67 billion were announced globally, marking a decrease of 65.4% year on year. The top five tourism & leisure industry venture financing deals accounted for 71.7% of the overall value during Q2 2020. The combined value of the top five tourism & leisure venture financing deals stood at $779.01m, against the overall value of $1.09 billion recorded for the month. The top five tourism & leisure industry deals of Q2 2020 tracked by GlobalData were: • Broadscale Group, Ervington Investments- Cyprus, Exor International, 83North Venture Capital, Hearst Ventures, Macquarie Capital (Europe), Mori Trust, Pitango Growth, Planven Investments, RiverPark Ventures and Shell Ventures’ $400m venture financing of Via Transportation • The $170m venture financing of sonder by Atreides Management, Fidelity Investments, Greenoaks Capital Management, Greylock Partners, iNovia Capital, Lennar, Spark Capital, Tao Capital Partners, Valor Equity Management and Westcap Mgt. • The $70m venture financing of Hopper by Business Development Bank of Canada, iNovia Capital, Investissement Quebec, Ontario Municipal Employees Retirement System and Westcap Mgt. • Jihai Investment and Yiyin Fund’s venture financing of Chiyu Tourism for $42.28m. – TradeArabia News Service
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