Palo Alto – October 18, 2022 – Woodside Capital Partners is pleased to share our Tech M&A October 2022 Newsletter, covering the following, and more.
- The innovation ecosystem continues to hum in October 2022 – regardless of what headlines say. Q2 2022 was the sixth largest quarter for venture funding on record, according to CB Insights.
- 362 companies closed funding rounds of $100 million or more in the first half of 2022 – a blistering pace of 14 companies per week. Q2 also marked the third-highest level of median valuation for emerging growth tech companies on record, at $52 million, according to PitchBook.
- The thing is, compared to 2021, the market is indeed down – but this isn’t surprising since 2021 was such an off-the-charts year in terms of dollars raised, dollars invested, valuations and exits.
- The number of M&A transactions is on par with years before the run-up, and aggregate transaction value continues to be historically healthy, with many industry-transformative deals taking place this year including Broadcom acquiring VMWare ($61B); AMD acquiring Xilinx ($49B); HP acquiring Poly ($3.3B); Citrix and Tibco merging ($16.5B); Google acquiring Mandiant ($5.4B); Microsoft acquiring Nuance ($19.7B); and Oracle acquiring Cerner ($28B).