Crunchbase highlights pace at which start-ups are buying other start-ups
Venture-backed start-ups are buying other start-ups at the fastest pace in at least a decade, according to Crunchbase as detailed in this article.
Since the beginning of the year, there have been at least 530 acquisitions of venture-backed U.S.-based companies by other private companies. Per Crunchbase data, 268 of those acquisitions — just over half — were venture-backed companies buying other venture-backed companies.
Crunchbase notes that the last time the numbers approached those levels was 2016 when there were 204 acquisitions of VC-backed companies by other VC-backed companies.
