The $92.1m venture financing of Shandong Taishan Beer was the beverage industry’s top venture financing deal as total deals worth $260.91m were announced globally in March 2021, according to GlobalData’s deals database.

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The value marked an increase of 728.6% over the previous month of $31.49m and a rise of 207.6% when compared with the last 12-month average, which stood at $84.82m.

Comparing venture financing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $162.83m. At the country level, the China topped the list in terms of deal value at $162.83m.

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

The top country in terms of venture financing deals activity in March 2021 was the US with eight deals, followed by the China with six and the UK with three.

In 2021, as of March, beverage venture financing deals worth $322.34m were announced globally, marking an increase of 136.4% year on year.

beverage industry venture financing deals in March 2021: Top deals

The top five beverage industry venture financing deals accounted for 56.5% of the overall value during March 2021.

The combined value of the top five beverage venture financing deals stood at $147.41m, against the overall value of $260.91m recorded for the month.

The top five beverage industry venture financing deals of March 2021 tracked by GlobalData were:

1) China Media Capital’s $92.1m venture financing of Shandong Taishan Beer

2) The $45.65m venture financing of Sumida Chuan Brazil by Fuji Capital Pte., Multidimensional Capital, Qiming Venture Partners and Yijing Capital

3) Alsteron, Margareta Steinsvik and Moomin Characters’ $3.49m venture financing of Wayout

4) The $3.47m venture financing of Moju by Danone Manifesto Ventures, Dave Nolan, Hector Bellerin, Kevin Glynn, Roger Hassan and Tom Carroll

5) Adam Fox, Bruce Nierenberg, Don Lockton, Liev Schrieber, Malik Yoba and Roger Silverstein’s venture financing of Cloud Water Brands for $2.7m.