VC-backed M&A Forecast Falters: 2023 Records Decade Low

Disappointing Year for M&A Activity in 2023

The year 2023 proved to be a major disappointment for the M&A market, as the number of acquisitions of VC-backed companies hit a decade low. According to the Q4 2023 PitchBook-NVCA Venture Monitor, only about 700 startups were purchased, with a combined value of $26.7 billion, representing just a quarter of the value sold during the peak in 2021.