The top 10 global RegTech deals in the first quarter of 2021 raised over

The top ten RegTech deals in the first three months of 2021 collectively raised $2.62bn. This figure is higher than the one recorded in Q1 last year when the top ten transactions raised $1.7bn. This is to be expected as established RegTech companies raise late-stage rounds of funding to fuel international expansion and tackle new challenges brought by the pandemic. Indeed, nine of the top ten transactions in Q1 were classified as Series D or beyond. In comparison, the same number for the top ten deals in the opening quarter of 2020 stood at just five transactions. The largest deal of the period was completed by Lacework, a threat/anomaly detection and compliance platform across multicloud environments, which raised $525m in a deal led by Sutter Hill Ventures and Altimeter Capital. The only Series C deal on the list was raised by Orca Security, a provider of cloud-wide, workload-deep security and compliance solutions, which collected $210m in March. The transaction valued the company at $1.2bn making the company one of the fastest cybersecurity startups to reach unicorn status, doing so within just 27 months.