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2013 Private Tech Exits — M&A / IPO — Year in Review

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CBInsights has published its 2013 year-end review on global private company tech exits (IPO vs. M&A) and the top VC investors by exit activity. The links to more detailed numbers and charts can be found below, but here are the highlights

  • 1,825 total exits, 1,761 by M&A and 64 via IPO. Q4 2013 hit a four year high in activity with 2nd half 2013 activity surging.

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  • 1% of the 1,825 tech exits last year were >$1Bn.  2013 saw 19 private tech companies go public or be acquired at a $1Bn+ valuation. Of exits with disclosed valuations, 45% were <$50MM. 72% of exits were <$200MM.

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  • 2/3 of tech firms did not raise institutional capital prior to exit.
  • China saw the highest share of mobile firms being acquired as the result of significant activity in the mobile gaming space.
  • Of the firms that raised prior VC funding, 46% of tech acquisition transactions went to companies that took <$10MM. But with the total funding needed prior to an IPO on the rise, 2013 saw 29 firms raise >$100MM prior to exit.
  • SV Angel, Accel Partner, Lightspeed Ventures and Index Ventures saw the highest number of portfolio tech exits.
  • Yahoo is the top acquirer of tech companies who raised a Series A or less of financing. Twitter also acquired a host of early-stage tech firms prior to its November IPO. Dropbox was the lone private company acquirer in the ranking.

Meanwhile, CBInsights did analysis on VC exits over the last five years and found this interesting data

  • Intel Capital and Accel Partners have seen the most exits in the last five years, while NEA and Venrock have seen the highest percentage of IPO’s. Only 22 corporate venture or VC investors have recorded 40 or more M&A/IPO exits since the start of 2009.

2013 Global Tech Exits Report – Private Company Tech Acquisitions and IPOs

The Top Venture Capital Investors By Exit Activity – Which Firms See the Highest Share of IPOs?

Christopher Chiou

Bay Area based for 12 years and originally from the NYC area. My career has been spent as a technology dealmaker, advising clients on M&A and capital raising, and as a principal investor backing great companies and teams. I'm passionate about technology trends, traveling, sports, politics, Knowledge, and Duke basketball.

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