Acquirers Are Snapping Up Boom-Era Startups That Haven’t Raised Funding In Years
Despite conventional wisdom that startups without recent fundraising rounds have lower exit odds, recent acquisition activity contradicts this assumption. Notable examples include Uber's purchase of ezCater for $2.3B nearly five years after the catering platform's last funding round, alongside acquisitions of other 2021 boom-era unicorns like Airtable, Headspace, and Miro. The analysis identifies 15 deals involving well-funded companies lacking new equity funding for four or more years. While these valuations are lower than historical peaks—reflecting 2021–2022 cyclical highs when many companies struggled to attract fresh capital—the deal activity suggests older startups are still finding ac
Key points
- Uber acquired ezCater for $2.3B despite no disclosed funding for nearly 5 years
- Other major acquisitions include boom-era names: Airtable, Headspace, Miro
- 15 identified deals involving well-funded companies without 4+ years of new equity funding
- Exit valuations below peaks but still substantial, tied to 2021–2022 fundraising cycle peaks
Summary and key points written by AI from the headline and a short excerpt, so they can be incomplete or wrong. Crunchbase News did the reporting; read the original for the full story.
Read the full story at Crunchbase News
