Airport concession operator OTG leads October global VC funding rounds

OTG EXP Inc., a food and beverage facilities operator in North American airports, pulled in the biggest financing round in October, raking in $1.25 billion in venture capital investment, according to S&P Global Market Intelligence data.

China-based ride-hailing app Nanjing Lingxing Technology Co. Ltd. pulled in approximately $1.21 billion in a series A round. Thrasio Holdings Inc., an aggregator of Amazon.com Inc. products, collected $1.00 billion in a series D round led by Silver Lake Management LLC at a post-money valuation of $10.00 billion. German digital bank N26 GmbH wrapped up an $811.0 million series E round led by new investors Third Point Ventures LP and Coatue Management LLC, bringing the company's post-money valuation to about $10.10 billion.

Global venture capital deployed in October soared to $45.60 billion, up roughly 47% from October last year and 161% from October 2019.

North America remains the top recipient of capital, snagging $24.60 billion from investors across 590 deals, followed by Asia-Pacific, which received $12.56 billion across 567 venture capital transactions. Europe had more muted activity, attracting $6.33 billion of investments across 365 deals.

In October, the technology, media and telecommunications sector took the lion's share of global venture capital investments, pulling in 48.8% of the total. The healthcare and consumer sectors each received 14.6% and 14.1% of deployed capital. Energy and utilities, real estate and the materials markets remain the sectors that received the least investment.