<ul><li>The first quarter of 2025 has seen a record in tech acquisitions in dollars.</li><li>There were 11 VC-backed $1B+ exits in 2025, totaling $54.5 billion, and 37 over the past 12 months.</li><li>However, the number of exits in 2025 is not a record compared to the 211 billion+ exits for U.S.-based start-ups in 2021.</li><li>The record acquisition of Wiz by Google for $32 billion has boosted VC investment due to increasing potential exit sizes.</li></ul>

We’re Back. Q1 Was a Record for Tech Acquisitions in Dollars. But Deals? They’ve Doubled But Not Close to 2021.

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