The Current State Of Tech M&A

Exit options have been limited for startups in recent months. Through the end of the third quarter of 2023, we saw a lull in M&A activity across the board, including the tech sector. As we kick off the December sprint to the end of the year, however, we are seeing a strong pick-up in the action. CB Insights published their Tech M&A Q3 Report, looking at global M&A activity. The report indicates that deal volume reached the lowest level we have seen since early in the pandemic, with just 1,765 tech M&A deals in Q3. This was a 6% Quarter over Quarter (QoQ) decrease. That said, aggregate valuation increased by 10% QoQ to $1.1T, which they say reflects a rebound in the number of large M&A deals.