Five exits in the $1bn plus category helped push up the total dollar value of exits in an otherwise quiet month.
Exits for corporate-backed startups returned to a more normal trend in July without a blockbuster deal — like SpaceX's $85.7bn offering in June — to spike up the dollar returns achieved.
Still, the numbers show a gradual upward trend in both the number and value of liquidity events. There were 73 exits in July, 7.3% up from June and a 23.7% increase over the same month last year. This is a sign that the exits market is continuing to widen for corporate investors seeking financial returns, with the average value of returns also recovering.
Oishani Mitra
Oishani Mitra is the content manager for Global Corporate Venturing.
