VC-backed M&A spoils predictions, falling to decade low

VCs and market participants have been predicting an uptick in M&A activity for at least six quarters, but their forecasting powers keep failing them. 

2023 turned out to be the worst year in a decade for acquisitions of VC-backed companies, according to the Q4 2023 PitchBook-NVCA Venture Monitor. Companies purchased nearly 700 startups at a combined value of $26.7 billion, about a quarter of the value sold during the 2021 peak. READ MORE