In the first quarter of 2025, the Enterprise Saas M&A trading count hit 210, according to Pitchbook
According to recent pitchbook data, there is a fair amount of news in the first quarter of 2025. This was also a considerable jump from the beginning of the first quarter of 2024, seeing 165 Enterprise Thirds mergers and acquisitions.
Additionally, the total amount of Enterprise Saas VC-backed M&As threw $14.6 billion in the first quarter, while the private equity-driven transaction count reached the sector’s new quarterly record with 73 transactions, according to Pitchbook.
Now, let’s think about some not-so-good news. The total transaction value of Enterprise SaaS M&A for the first quarter was $29.1 billion from $38.7 billion in the fourth quarter. Additionally, five transactions account for approximately half of the total transaction value for the entire quarter. The $5.3 billion acquisition of Clear Lake Capital Group’s medical software company, the $3.1 billion healthcare data entity-edit Feck from KKR-backed COTIVITI, the $290 million AI Tool Gunicorn Movedive from Servicenow, the $1.4 billion acquisition of Coreworkes Weights & Biases and the $1.4 billion Hollywood-centric generation media startup metaphysics from DNEG Group. (It’s jarring, but we’ve seen skew like this before. AI investment is shaking– The landscape appears to have many actions in total trading value, but on a thorough inspection, the data reveals gravity to a more established bet. )
So, what does this mean? I think it comes down to two things. First: AI is supporting a new wave of enterprise SaaS trading, and despite prolonging regulatory and macro pressure, deal makers are spinning the dice again in transactions that drive the market. Second, at the same time, the future remains uncertain in both the level of macroeconomic volatility that (or may not) go down the pike.
And that’s how, for now, it’s the way it ends between full-scale rebounds and permanent ruts. My guess is that here and now, June 17th: we have seen a more decisive recovery by the end of the year. Do you have a taker? As always, I want to hear what you think.
see you tomorrow,
Alligarfink
X: @agarfinks
Email: alexandra.garfinkle@fortune.com
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Venture deals
– Juniper Squarea San Francisco-based connected fund software and private market service provider, raising $130 million in Series D funding. Libbit Capital Leading the round and participating The fifth wall, Red Point Venture, High Sage Venture, The capital of the blue owland others.
– NaburaBrooklyn-based clinical AI assistant raised $70 million in Series C funding. HV Capital Leading the round and participating Highlands Europe, DST Globaland existing investors Cathay Innovation and Tony Fadell’s Build Collective.
– slideThe Norwalk, Connecticut-based disaster recovery platform for business continuity and managed service providers has raised $25 million in Series A funding. Base10 Partner Leading the round and participating Outsider Fund and Top-down venture.
– DigSan Francisco-based infrastructure Dev Tools Developer has raised $3.6 million in seed funding. Initialized capital Leading the round and participating Olivier Pommel, David Kramer, Michael Greennichand others.
Private Equity
– 365 Retail Marketportfolio company Providence Equity Partneragreed to obtain it Cantaloupea self-service commerce technology solutions provider based in Malvern, Pennsylvania, with approximately $848 million in cash.
– AE Industry Partner I’ve got it Air Transport Componentsan aircraft component maintenance, repair and overhaul service provider based in Gilbert, Arizona. Financial conditions have not been disclosed.
– Expert Research Instituteis backed up Levine Leichtman Capital Partnersobtained ExpertConnectLegal Supporta New York-based expert witness service provider. Financial conditions have not been disclosed.
– LS Power I’ve got it Engie provides services to usan Oakland, California-based energy solutions provider has been rebranded Opterra Energy Services. Financial conditions have not been disclosed.
ipos
– Charis Life Sciencethe Texas-based Irving-based AI-powered oncology precision healthcare platform provider, is planning to raise $470 million on NASDAQ with a 23.5 million share offering priced between $19-20. David D. Halbert and Sixth Street I’m going back to work.
– Kilcoy Global FoodsAustralia-based meat supplier Berthinya has been submitted for public release on Nasdaq. The company recorded revenue of $2.2 billion for the year ended March 31, 2025.
people
– cornerSingapore-based venture capital company added Bob Rosin As a partner. Previously, he was there defy.vc.
– Chantel Derby, acceleratorLongtime communication partners have retreated from the company. She will consult for startups and investors via her new venture, Derby PR.