M&A volumes in the ANZ region was robust during Q1 2026 with 42 deals announced. Private Equity firms were the buyers in 21% of these transactions as demand from strategic and financial buyers remained strong.

Ripple emerged as the most active buyer, completing 2 acquisitions through its operating businesses, including the purchase of the FinTech company BC Payments to obtain an Australian Financial Services License and Solvexia, a provider of no-code financial automation, data management, and analytics solutions, to expand Ripple Treasury's platform.

VC funding for tech companies in the ANZ region peaked in 2021 and has been drying up ever since, a trend that continued through Q1 2026. Both the total value of VC investments and deal volumes have dropped substantially. Sellers have instead been encouraged to pursue M&A strategies for growth and liquidity. The median VC funding size was $7.1M.

Through March 2026, total disclosed Tech M&A deal values in the ANZ region reached $1.1B, with only 21% of transactions disclosing financial deal terms as buyers preferred to keep their M&A strategies private.