Why Are These Startups Merging Despite Falling Funding

Venture capital trends show that startups in sectors where funding has dropped drastically are now merging to stay competitive or survive. Notably, heavily funded e-commerce aggregators like SellerX and Razor Group have acquired rivals as market conditions declined. In real estate, platforms Roofstock and Mynd announced a merger, while Flyhomes acquired ZeroDown's assets. In fintech, funding has slowed, leading to consolidations such as Empower acquiring Petal and Upgrade acquiring Uplift. Logistics also experienced a similar trend, culminating in Flexport acquiring Convoy’s assets. Mergers occur both in peak and down markets, though acquisitions in downturns often involve struggling companies.

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