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1、State of Tech ExitsGlobal H1 2025 Global data and analysis on tech exit activity and market liquidityAction is better.Action is better.We track and compare the worlds companies.Our AI agents keep you a step ahead of competitors and disruption.Trusted by the worlds smartest companies:Every big tech c

2、ompany.Every top professional services firm.26 of the top 30 banks.All ten Fortune 10 companies.Put our AI agents to work today.IIIIIIStart free trialTL;DRTL;DRYour rundown ontech exits in H125122tech companies went public The global tech IPO market has remained muted during the first half of 2025,w

3、ith 122 tech companies going public,in line with the numbers from 2024.See the data$2Traised in equity funding by private tech companiesPrivate tech companies are staying private longer and now have more capital than ever to do so.Over$2T in cumulative equity funding has poured into private tech mar

4、kets to date,with 90%raised in just the last decade.That funding has enabled companies to keep scaling before tapping the public markets.See the data 7thconsecutive quarter of YoY growth in secondariesThe last 7 quarters have seen YoY growth in secondary transaction activity among VC-backed companie

5、s,with no signs of slowing down.As tech companies stay private longer and valuations continue to climb,secondaries are playing a growing role in providing liquidity.See the data 1new exit model emerges amidst AI talent warThe intensifying race for AI talent combined with tight regulation aredriving

6、a new wave of unconventional exits in the tech ecosystem,bypassing traditional M&A.Reverse acqui-hires where acquirers buy the team(fully or partially)and license the technology in particular are becoming increasingly popular.See the data$100M+deals drive tech M&A momentumTech M&A activity has remai