Exit

There was a 62% jump in exits for corporate-backed startups in November, with IPOs and acquisitions across a range of geographies and sectors but also some notable bankruptcies.

Some 37 corporate-backed startups were either acquired or taken public in October, with the total value of exits at $4.37bn, a significant rise on last year.

The longed-for recovery in startup exits hasn't yet arrived. But those startups that did get bought or publicly listed in September did so at higher prices.

In August, we saw 25 corporate exits, a 19% drop from August last year, though total capital raised hit $3.97bn, up 34% year on year.

Private equity companies have been active in buying VC-backed companies, sometimes at a significant discount. Digital and life sciences startups dominate the list of exits.

The gaming sector saw a surge in interest from corporate investors in April. Deals in India and China are also bouncing back.

Corporate investors have been part of $3bn worth of AI deals so far this year, with June particularly strong. There has also been a uptick in exits.

Countries like Germany, Switzerland and Japan have benefitted from an explosive growth in capital, but the US still dominates and the UK risks being left behind, our in-depth analysis shows.

The value of corporate-backed deals slumped in the third quarter, but sectors like energy and telecoms bucked the trend as did a few geographies like Israel.