Until now, it was a pretty good 12 months for startup acquisitions.
The buyers made just over $ 100 billion of disclosed startup purchases 1 In the first half of 2025 on Crunchbase data. This is a huge increase of 155% in comparison with the same period last 12 months, showing that buyers are increasingly willing to write down large checks for sought -after corporations.
In particular, about a third of this 12 months, the sum comes from one contract: GooglePlanned purchase of a cyber security unicorn Wizard for record 32 billion dollars. But there have been other startups sold in the acquisitions of many billion dollars, including devices designer And and an automation software supplier Moveworks.
Creating transactions becomes more crazy
Meanwhile, the number of transactions has maintained stability, and the number of acquired acquisitions floats in the middle of 400 in the last three quarters. The number of mergers and acquisition offers often affects market conditions, because the buyers are willing to hunt bargain cycles and aggressively compete with hot corporations during stubborn.
Recently, the atmosphere has been bending more in a frenzy, especially because it concerns artificial intelligence. This was documented last week, and the drama around the AI coding supplier Windsurfing. The startup was to sell Openai for $ 3 billion Google concluded a contract to rent its general director and co -founder, Varun Mohanand pay $ 2.4 billion for compensation and licenses. Then on Monday, and startup Learning He announced that he would buy Windsurf.
AI was also a draw of the largest Q2 contract, takeover of IO in the amount of $ 6.5 billion, start-up, co-foundation Ive ions and focused on AI powered devices.
However, even with all the emotions around artificial intelligence, most of the merger and acquisition expenses this 12 months didn’t go to space. On Crunchbase dataOnly about $ 15 million of acquisitions in the display of prices concerned AI startups in the first half of this 12 months. (However, this excludes a visa that is not classified as an artificial intelligence company, but lists the security of artificial intelligence as one of its areas.
The largest offers of H1 M&A
So where do M&A expenses focus?
To understand, we used Crunchbase data in order to convene a list of 13 biggest acquisitions in the first half of this 12 months.
As shown above, in addition to artificial intelligence, the company’s software was doing well. The best offers in space include the takeover of Moveworks $ 2.85 billion Servicein addition to a paid account platform MelioSale $ 2.5 billion Xero.
In the healthcare space, electronic medical software supplier Modernization of medicine provided one of the biggest results, selling most of the shares in Private Equity Clearlake Capital Group With a valuation of $ 5.3 billion.
Smaller and more hidden offers are adding up
The overwhelming majority of startup acquisitions do not have a disclosed price. But they’ll add up.
Often these offers include buyers with large capitalization and well -financed startups. Examples from 2025 include StripeTakeover of the start -up in the cryptographic portfolio InitiateIN SnapPurchase of school planning applications Saturn TechnologiesAND ZscalerAcquiring a cloud safety startup Red CanaryIN
It helps to accumulate that 4 years after the summit financing in 2021 there is still a large pipeline of financed corporations that seriously looks at the output options. If the current trends are continued, we must always see how the growing number of them achieve this goal through mergers and acquisitions.