All signs are looking positive for investors who have been hungering for exit opportunities for over two years.
In a positive signal for investors, September saw the most exits for corporate investors than any other month in the past two years, as avenues for financial return continue to widen.
While the total dollar value of exits — where valuations were disclosed — did not stand out in size, the steady growth in the number of exits shows that VC investors are finally seeing sustained prospects to realise returns after two years defined by uncertainty.
September also helped push Q3 2025 to the strongest quarter since at least the beginning of 2023, both in terms of exit numbers and dollar value.
The geographical distribution of exits remains heavily lopsided, though – the US saw more exits for corporate investors last month than the rest of the world combined, with 45 of the 82 that were recorded. The next two countries, India and France, only had six and five, respectively.
The strength of September’s numbers come mainly from North America’s doubling of its own August exit numbers, nearly time-and-a-half any other month it’s had since at least last year.
India’s six exits, while second only to the US, were not enough to push the APAC region’s 12 exits over Europe, which clocked six more in what has been its own biggest month in the past couple of years. MENA had more exits than Latin America, which only had one exit event via in Brazil.
Full list of exits for corporate-backed startups in September
Table of all 82 exits with details including corporate backers backers, sector and size.
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
