Sectors
January 2025 saw 53 corporate-backed startup exits, marking a 47% year-on-year increase and the highest total since early 2023, with deal values soaring to $4.52bn.
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 new merged company will be known as Cerity Partners Ventures.
WeBuy Global and J&T Global Express announce IPOs, Payzer is acquired and news funds launched.
Unearth Technologies is acquired and Tuhu Car undergoes an IPO - read the full round up of corporate venture activity in September.
Newly formed fund The Edgeof is set to acquire the $2bn SoftBank unit and expand its investment scope to cover the wider Asian region.
Corporate-backed Gorillas was bought for just $1.2bn and, together with competitor Oda's $151m down round, it looks like winter is here for grocery delivery services.
NCSoft invested $15m in Mysten Labs to take the latter’s series B round to $300m while Porsche backed Xanadu’s $100m series C.
Suzano and Yara participated in Agrolend’s $145m latest round while Xencor contributed to Zenas BioPharma’s $118m series B.
Cable One provided $50m for Ziply Fiber while Mercuria co-led a series C round the same size for The Mobility House.
Battery recycler Ascend Elements and Geely spinoff Farizon each raised $300m while Saudi Aramco launched a $1.5bn Sustainability Fund.
US regulators are making a point of going after corporations that invest in companies where there is a perceived competitive overlap.
AbbVie is acquiring Amgen-backed DJS Antibodies for $255m while Legend Holdings took part in a $56.6m series C round for VectorBuilder.
Newly formed fund The Edgeof is set to acquire the $2bn SoftBank unit and expand its investment scope to cover the wider Asian region.
Shopify’s takeover of the logistics services provider will help close the gap with larger rivals like Amazon.
Coinbase’s acquisition of the Brazil-based cryptocurrency brokerage was stymied as negotiations fell through.
The audio streaming service is set to list with help from a PIPE deal featuring Orange, Access Industries, Warner Music, UMG and Media Participations.
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