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The Most Active Startup Acquirers Of The Past 3 Years Aren’t Always Who You’d Expect

M&A - Illustration of a magnet attracting various products. [Dom Guzman]

Companies that buy a lot of startups don’t always have a lot in common.

Some are longstanding blue chip tech and pharmaceutical companies. Others are fast-growing venture-backed unicorns. And still others are more recent public market entrants looking to stay competitive in the age of AI.

To get a sense of who’s buying in bulk, we used Crunchbase data to put together a that acquired three or more seed- or venture-backed startups in the past three years. From there, we picked the most acquisitive names.

The most prolific startup acquirers of the past 3 years

Per Crunchbase data, the most prolific acquirers of seed- and venture-backed startups in recent years are 1, and . Overall, our query showed six companies with six or more known purchases, charted below.

For top-ranked Salesforce, high-volume M&A is nothing new. The San Francisco software giant has purchased at least 91 companies in the past 20 years, per Crunchbase data. Its most recent startup purchases include , a revenue orchestration platform, and , which focuses on agentic AI for e-commerce.

OpenAI, by contrast, has a shorter track record of M&A shopping sprees. The pioneering generative AI company has bought 16 companies in the past three years. Among the most recent was an deal involving open-source AI agent and its creator, . This month, it also snapped up , a creator of open source tools for software developers, and , an open-source tool for testing AI applications.

Snowflake, meanwhile, has 19 acquisitions to date. Most recently, it acquired , a developer of AI observability tools that previously raised more than $460 million in venture funding.

Notably, recent the active acquirers list for recent years looks quite a bit different that the ranking of all-time top M&A dealmakers in the Crunchbase dataset, shown below:

Highest-spending acquirers

The most prolific startup buyers also aren’t always the biggest check-writers. By the latter metric, the far-and-away leader is , and its $32 billion acquisition of .

For a broader picture view, we used Crunchbase data to put together a list of six companies that made the biggest-ticket funded startup acquisitions of the past three years.

2026 off to a promising start

So far this year, it looks like the pace of startup M&A dealmaking remains fairly robust.

This includes two deals in the multiple billions: ’s $5.15 billion purchase of and s $2.4 billion acquisition of . The AI sector’s appetite for acqui-hires and smaller purchases of earlier-stage startups also continues to boost momentum.

We’ll see if it keeps up.

Related Crunchbase list:

Related reading:

Illustration:


  1. Salesforce Ventures is an investor in Crunchbase. They have no say in our editorial process. For more, head here.

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