WHY MORE STARTUPS ARE BUYING OTHER STARTUPS IN 2025

Summary from the TLDR Founders newsletter

Startups are increasingly acquiring other startups due to challenging fundraising environments and affordable valuations. In the first half of 2025, M&A deals rose 18% year-on-year, driven by companies looking to access new technologies or consolidate market positions. Notable transactions include OpenAI's $6.5 billion acquisition of Io and Ripple's $1.25 billion purchase of Hidden Road.