Tech M&A Valuation Benchmarks: what disclosed deals are worth in 2026
Median and mean disclosed values by sector and quarter, deal size distribution, and publicly stated multiples across the 1719 deals in the ProCloser Tech & SaaS M&A Deal Index. Every number comes from deals whose price appears in a public source; nothing is estimated. Last updated Sep 11, 2026.
Disclosed deal values by sector
Across the 282 tracked deals with a disclosed price (16% of 1719), the median disclosed value is $120M. By sector, Fintech has the highest median disclosed value at $260M across 40 priced deals. Disclosed prices skew toward larger deals, so these medians describe the disclosed subset, not all tech M&A.
Median disclosed value by sector ($M)
Data table
| Sector | Priced deals | Median |
|---|---|---|
| Fintech | 40 | $260M |
| Other tech | 60 | $236.4M |
| Cybersecurity | 17 | $200M |
| Vertical AI | 35 | $150.7M |
| Data infrastructure | 30 | $110M |
| Healthtech | 14 | $102.5M |
| SaaS | 35 | $100M |
| Ecommerce tech | 9 | $60M |
| Martech | 19 | $50M |
| IT services | 21 | $30M |
| Sector | Priced deals | Median | Mean | Largest disclosed |
|---|---|---|---|---|
| Fintech | 40 | $260M | $2.28B | Stripe and Advent International / PayPal ($53B) source |
| Other tech | 60 | $236.4M | $1.31B | Fox Corporation / Roku ($22B) source |
| Cybersecurity | 17 | $200M | $2.95B | Google / Wiz ($32B) source |
| Vertical AI | 35 | $150.7M | $3.10B | SpaceX / Cursor ($60B) source |
| Data infrastructure | 30 | $110M | $845.2M | Stripe / OpenRouter ($7B) source |
| Healthtech | 14 | $102.5M | $789.8M | Qualtrics / Press Ganey Forsta ($6.75B) source |
| SaaS | 35 | $100M | $1.18B | Cegid / Silae ($11.60B) source |
| Ecommerce tech | 9 | $60M | $1.79B | Uber / Delivery Hero ($14.04B) source |
| Martech | 19 | $50M | $321.9M | Nielsen / DoubleVerify ($2.15B) source |
| IT services | 21 | $30M | $160.0M | Taiwan Mobile / Systex ($904.7M) source |
Disclosed deal values by quarter
The median disclosed deal value in Q3 2026 is $106.5M across 144 priced deals, versus $239M in Q1 2026. The current quarter is partial.
| Quarter | Priced deals | Median | Mean | Largest |
|---|---|---|---|---|
| Q1 2026 | 42 | $239M | $2.07B | $32B |
| Q2 2026 | 96 | $104M | $1.16B | $22B |
| Q3 2026 | 144 | $106.5M | $1.63B | $60B |
Deal size distribution
72 tracked deals disclosed under $20M, 77 between $20M and $200M, 72 between $200M and $1B, and 61 over $1B; 1437 of 1719 deals (84%) did not disclose terms.
Deals by disclosed size bucket
Data table
| Bucket | Deals |
|---|---|
| Under $20M | 72 |
| $20M-$200M | 77 |
| $200M-$1B | 72 |
| Over $1B | 61 |
Publicly stated multiples
8 tracked deals have a valuation multiple stated in the public source, reproduced verbatim below. This index never computes or estimates multiples; for benchmark ranges by industry see the reports linked under Related.
| Announced | Acquirer | Target | Sector | Value | Multiple as stated | Source |
|---|---|---|---|---|---|---|
| Sep 10, 2026 | Bending Spoons | Miro | SaaS | $1.36B | 2.26x ARR | source |
| Aug 26, 2026 | Nvidia | Hugging Face | Vertical AI | $12.90B | 86x revenue | source |
| Aug 25, 2026 | Nayax | IPS Group | Other tech | $350M | 17x EBITDA | source |
| Aug 18, 2026 | TTM Technologies | Epiq Design Solutions | Other tech | $1.10B | 17.4x EBITDA | source |
| Aug 16, 2026 | Stripe | OpenRouter | Data infrastructure | $7B | 50x revenue | source |
| Apr 20, 2026 | Brady Corporation | Honeywell’s Productivity Solutions and Services | Other tech | $1.40B | 8x EBITDA | source |
| Apr 6, 2026 | Nuvini | the American business of Beyondsoft Corporation | IT services | $80.7M | 1.4x revenue | source |
| Mar 31, 2026 | Veralto | GlobalVision | SaaS | Undisclosed | 15x EBITDA | source |
Methodology and caveats
Disclosed values only. 16% of tracked deals publish a price. Medians and means describe that subset; undisclosed deals are excluded from value math and never estimated.
Selection bias runs large. Public companies and megadeals disclose more often than private lower-middle-market sales, so these figures skew high compared to the full market. For owner-level pricing, the multiples-by-industry report is the better benchmark.
Multiples are reproduced, not computed. A multiple appears only when the linked source states it.
ProCloser.ai. "Tech M&A Valuation Benchmarks 2026." https://procloser.ai/deals/valuation-benchmarks/. Updated 2026-09-11.
Frequently asked questions
What is the median disclosed value of a tech M&A deal in 2026?
$120M across the 282 tracked deals with a disclosed price. Only 16% of tracked deals disclose a price, and disclosure skews toward larger transactions, so treat this as the median of disclosed deals, not the market.
What EBITDA or revenue multiple do software companies sell for?
Announcements rarely state multiples, so this page reproduces them only where the source did. For benchmark ranges by industry, see ProCloser's EBITDA & SDE Multiples by Industry and SaaS Revenue Multiples reports.
Why are most deal values undisclosed?
Private buyers and sellers have no obligation to publish terms. 1437 of 1719 tracked deals (84%) were announced without a price; this index records them as undisclosed rather than estimating.
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