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Tech Start-Ups and Martech M&A Down: Crunchbase, Founders Advisors

Maybe it only seems like martech acquisitions have become more rare.  Founders Advisors reports the number of deals has actually been about flat over the past two years, although deal value and valuations have definitely fallen.  Meanwhile, Crunchbase says the number of U.S.-based start-ups is down 86%  since 2020, with similar declines in Europe and Israel.  I wonder if Crunchbase just hasn’t identified some of newest companies yet.