AcquiredStartups
Weekly roundup · 20–26 April 2026

12 startup exits in the week of 20–26 April 2026: Eli Lilly’s $7bn deal for Kelonia Therapeutics leads

5 deals disclosed a price, worth $8.02bn together. Cybersecurity was the busiest sector and North America the busiest region.

Eli Lilly to acquire Kelonia Therapeutics for up to $7 billion in cashPhoto: Paul Sableman / Wikimedia Commons, CC BY 2.0

We tracked 12 startup acquisitions announced between 20–26 April 2026, across 5 regions. Only 5 disclosed a price, adding up to $8.02bn; the rest kept terms private, which is normal for venture-backed exits.

The largest was Eli Lilly’s $7bn purchase of Kelonia Therapeutics, which had raised $50m. Adyen paid $877m for Talon.One.

Cybersecurity accounted for 3 deals and North America for 5.

Thursday, 23 April 2026

Photo: Bram Willems / Wikimedia Commons, CC BY-SA 4.0Fintech · EuropeAdyen agrees to buy Berlin loyalty startup Talon.One for €750 millionAdyen will pay €750 million (about $877 million) in cash for a promotions engine expected to reach roughly €60 million in annual recurring revenue by the end of 2026, and Talon.One's founders will put part of their proceeds into Adyen stock.$250m–1bnBerlin·23 April 2026·3 min readPhoto: USDAgov / Wikimedia Commons, Public domainCybersecurity · IsraelCyera acquires Ryft, a two-year-old Israeli data lake startup built for AI agentsRyft had raised only $8 million and employed about 15 people; Israeli press put the price at $100 million to $130 million, and its CEO will now lead AI security at the $9 billion Cyera.$50–250mIsrael·23 April 2026·3 min readPhoto: Mironit9 / Wikimedia Commons, CC0Cybersecurity · East AsiaLayerX acquires AI penetration testing startup AgenticSec in its first acquisitionTokyo AI company LayerX used its first-ever acquisition to enter security, buying a 10-month-old startup whose AI agents run penetration tests starting from nothing more than an IP address.UndisclosedTokyo·23 April 2026·3 min readPhoto: PENG Yanan (Neo-Jay) / Wikimedia Commons, CC BY-SA 3.0Legal & compliance · EuropeLegora acquires Stockholm legal research startup QuraThe Swedish legal AI company, valued at $5.55 billion after its Series D, bought a ten-person team whose AI research engine is live in 27 jurisdictions.UndisclosedStockholm·23 April 2026·3 min read