AcquiredStartups
Weekly roundup · 4–10 May 2026

18 startup exits in the week of 4–10 May 2026: Bayer’s $2.45bn deal for Perfuse Therapeutics leads

7 deals disclosed a price, worth $6.76bn together. Healthtech & bio was the busiest sector and North America the busiest region.

Bayer agrees to acquire eye-drug developer Perfuse Therapeutics for up to $2.45 billionPhoto: Sushil Dawka / Wikimedia Commons, CC BY-SA 4.0

We tracked 18 startup acquisitions announced between 4–10 May 2026, across 7 regions. Only 7 disclosed a price, adding up to $6.76bn; the rest kept terms private, which is normal for venture-backed exits.

The largest was Bayer’s $2.45bn purchase of Perfuse Therapeutics. UCB paid $2.2bn for Candid Therapeutics.

Healthtech & bio accounted for 4 deals and North America for 7.

Thursday, 7 May 2026

Photo: Shixart1985 / Wikimedia Commons, CC BY 2.0Healthtech & bio · North AmericaRoche agrees to buy digital pathology company PathAI for up to $1.05 billionRoche will pay $750 million upfront and up to $300 million in milestones for the Boston company, its partner since 2021, and plans to roll out PathAI's AISight lab software worldwide.$1bn+Boston·7 May 2026·3 min readPhoto: Aaron Zhu / Wikimedia Commons, CC BY-SA 3.0Fintech · East AsiaKraken parent Payward agrees to buy Hong Kong stablecoin card issuer Reap for up to $600 millionThe cash-and-stock deal valued Payward at $20 billion and was its first infrastructure purchase in Asia. Reap, founded in 2018, said its revenue and volumes nearly tripled in 2025.$250m–1bnHong Kong·7 May 2026·3 min readPhoto: Biswarup Ganguly / Wikimedia Commons, CC BY-SA 3.0Commerce & marketing · IndiaEmami agrees to buy 60% of Vedix and SkinKraft parent IncNut Digital for Rs 321 croreThe all-cash deal, worth about $34 million, gives Emami control of two personalised beauty brands whose parent company's turnover fell from Rs 231.9 crore to Rs 175.1 crore in two years. Emami plans to buy the remaining 40% in two tranches.< $50mHyderabad·7 May 2026·3 min readPhoto: Beyond My Ken / Wikimedia Commons, CC BY-SA 4.0Fintech · Latin AmericaVertex buys Uruguayan tax startup Brinta for $22.1 million, filings showVertex announced the deal in May, but its SEC filings show it had already closed on March 2, 2026, with another $18 million in stock and cash set aside for the sellers if they stay on.< $50mMontevideo·7 May 2026·3 min readPhoto: Arild Vågen / Wikimedia Commons, CC BY-SA 4.0Fintech · North AmericaPublic acquires Treasury, an investing education app built for finance creatorsMore than 40,000 people used Treasury, and its members invested over $100 million together. Its accounts are moving to Public, and co-founder Elias Rothblatt is joining to work on Public's AI investing tools.UndisclosedBrooklyn·7 May 2026·3 min read

Wednesday, 6 May 2026

Photo: Sushil Dawka / Wikimedia Commons, CC BY-SA 4.0Healthtech & bio · North AmericaBayer agrees to acquire eye-drug developer Perfuse Therapeutics for up to $2.45 billionBayer will pay $300 million upfront for the South San Francisco biotech, with the rest tied to milestones. The prize is PER-001, an implant in Phase 2 trials for glaucoma and diabetic retinopathy.$1bn+South San Francisco·6 May 2026·3 min readPhoto: Taxiarchos228 / Wikimedia Commons, CC BY 3.0Developer tools · North AmericaBoost Security acquires AI code reviewer Korbit and SecureIQx, adds $4 millionKorbit, a Montreal spin-off from the Mila AI institute backed by Khosla Ventures, built an AI reviewer for pull requests. Boost plans to use it for AI-native static analysis of code.UndisclosedMontreal·6 May 2026·3 min readPhoto: Unknown photographer / Wikimedia Commons, Public domainHealthtech & bio · EuropeDoctolib acquires London GP software maker Medicus to enter the UKMedicus, a 25-person company, built the first new GP clinical system to enter the NHS in about 25 years. Doctolib plans to invest more than £100 million in the UK and hire 150 people in London.UndisclosedLondon·6 May 2026·3 min readPhoto: N. Vivekananthamoorthy / Wikimedia Commons, CC BY 4.0Fintech · IndiaFreo acquires loan marketplace IndiaLends in Indian fintech consolidation dealThe digital banking app is taking 100% of IndiaLends, a credit marketplace linked to more than 80 lenders. Freo says the combined business will reach more than 50 million users and is preparing a large fundraise.UndisclosedIndia·6 May 2026·3 min readPhoto: Energyme / Wikimedia Commons, CC BY-SA 4.0Legal & compliance · OceaniaLegora acquires Graceview to add regulatory horizon scanning to its legal AI platformGraceview, a Melbourne startup founded about three years ago, monitors tens of thousands of official regulatory sources across more than 100 jurisdictions. It was Legora's third acquisition in about two months.UndisclosedMelbourne·6 May 2026·3 min read

Monday, 4 May 2026

Photo: J.N. Eskra / Wikimedia Commons, CC BY-SA 4.0Healthtech & bio · North AmericaUCB agrees to buy Candid Therapeutics for $2 billion upfront in deal worth up to $2.2 billionThe sale replaced Candid's planned Nasdaq listing through a reverse merger with Rallybio, which Candid called off a day earlier, triggering a $50 million termination fee.$1bn+San Diego·4 May 2026·3 min readPhoto: Prayitno / Wikimedia Commons, CC BY 2.0Cybersecurity · IsraelCisco agrees to buy Israeli AI agent identity security startup Astrix SecurityCisco did not disclose terms, but Calcalist put the price at about $400 million for a five-year-old company that had raised $85 million, most recently from Menlo Ventures' Anthology Fund, a partnership with Anthropic.$250m–1bnTel Aviv·4 May 2026·3 min readPhoto: TeWeBs / Wikimedia Commons, CC BY-SA 3.0Data & analytics · North AmericaSAP agrees to buy lakehouse company Dremio to rebuild Business Data Cloud on Apache IcebergSAP did not announce a price, but its half-year report later put the cash paid for Dremio at about €0.5 billion (about $580 million), a company investors had valued at $2 billion in 2022.UndisclosedUnited States·4 May 2026·3 min readImage: SAPAI · EuropeSAP agrees to buy TabPFN maker Prior Labs and pledges over €1 billion to build an AI labPrior Labs was about 18 months old and had raised a €9 million pre-seed round; SAP paid about €0.4 billion (about $470 million) in cash and promised more than €1 billion (about $1.2 billion) over four years on top.UndisclosedFreiburg·4 May 2026·3 min read