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UK wealth manager FNZ propels February global VC investment to $44.1B

U.K.-based global wealth management platform FNZ (UK) Ltd.'s $1.40 billion mature funding round in February drove last month's global venture capital investment total of $44.13 billion, marking a four-year high for the month of February, according to S&P Global Market Intelligence data.

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Rounds of funding

Motive Capital Management LLC and Canada Pension Plan Investment Board participated in FNZ's funding round, the biggest round globally in February. FNZ's post-money valuation is now $20.00 billion.

Security analytics and operations management platform Securonix Inc., which pulled in $1.00 billion in a mature round from Eight Roads Ventures India, Vista Equity Partners Management LLC and Volition Capital LLC, rounds off the list of companies that received at least $1 billion last month.

Some notable deals include freight forwarding and customs brokerage services provider Flexport Inc., which raised $935.0 million in a series E round at a post-money valuation of $8.00 billion; United Arab Emirates-based property developer Aldar Investment Properties LLC, which received $900.0 million; and Singapore-based data center infrastructure operator Princeton Digital Group (Singapore) Pte. Ltd., which obtained $505.0 million in growth financing.

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Technology, media and telecommunications continues to lead

Global venture capital investments remain driven by the technology, media and telecommunications sector, which pulled in 46.1% of global capital allocation in February. It was followed by the healthcare and financial sectors, which received 14.7% and 13.3% of venture capital, respectively.

North America continues to be the biggest recipient of venture capital, snagging $21.0 billion from investors across 661 deals. Asia-Pacific has overtaken Europe with investments totaling $10.8 billion across 563 transactions. Investors wrote checks with a combined value of $9.2 billion across 443 European deals.

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