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The pace of startup M&A slackened in Q4

Carta DataFebruary 2023
The pace of startup M&A slackened in Q4
Chart by Carta Data. Source: carta.com

This chart shows the total number of acquired startups on Carta per quarter from Q1 2020 to Q4 2022, broken down by total cash raised prior to acquisition. M&A activity peaked in early 2022 at 179 deals in Q1 before dropping to 129 deals in Q4 2022.

LabelValue shown on the chart
Q1 202067
Q2 202073
Q3 202070
Q4 202071
Q1 2021100
Q2 2021122
Q3 2021142
Q4 2021160
Q1 2022179
Q2 2022178
Q3 2022161
Q4 2022129

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