Total Insurance industry deals worth $106.8m were announced globally for April 2022, with the $35m venture financing of Safety Nest being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 99.2% over the previous month of $12.5bn and a drop of 97.5% when compared with the last 12-month average of $4.27bn.
In terms of number of deals, the sector saw a drop of 18.18% with 36 deals in April 2022 when compared to the last 12-month average of 44 deals.
In value terms, North America led the activity with deals worth $91.44m in April 2022.
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By GlobalDataInsurance industry deals in April 2022: Top deals
The top five deals accounted for 68.8% of the overall value during April 2022.
The combined value of the top five deals stood at $73.5m, against the overall value of $106.8m recorded for the month.
The top five Insurance industry deals of April 2022 tracked by GlobalData were:
1) byFounders,Creandum,DG Ventures,Kinnevik and Mundi Ventures $35m venture financing deal with Safety Nest
2) The $15m venture financing of Covr Financial Technologies by Aflac Ventures Fund,Allianz Life Ventures,Commerce Ventures Management,Connecticut Innovations,Contour Venture Partners,Fairview Capital Investment Management,Sony Innovation Fund,Stone Point Capital and Tribeca Angels
3) Brand Foundry Ventures,Hyde Park Angels and Western Technology Investment $9m venture financing deal with BriteCo
4) The $7.5m acquisition of Barra & Associates by Reliance Global Group
5) IA Capital Group,Impression Ventures,SBLI USA Life InsuranceInc and Western & Southern Life $7m venture financing deal with Afficiency