RegTech continues to be a popular segment for the Canadian buy-and-hold company Valsoft Corporation, which announced 4 deals and topped the list of most active acquirers during the first nine months of 2025. Strategic buyer Visma and financial acquirer Keensight Capital each purchased two RegTech companies during this period, earning a place on the list.

Total disclosed M&A deal values reached $43.8B through September 2025, well above the total for all of 2024. Only 12% of deals disclosed financial terms as buyers preferred to keep their M&A strategies private. The median disclosed M&A deal size was $130M.

Let’s start by looking at M&A volumes in the RegTech sector during the first nine months of 2025, which were robust with 361 deals seen, already exceeding last year’s 10-year high and projected to reach 481 for the full year. There was strong demand from strategic and financial acquirers, with Private Equity being the buyer in 40% of these deals. 

Venture capital funding for RegTech firms peaked in 2021 and has declined considerably since then, with these investments remaining subdued during the first three quarters of 2025. Additionally, venture capital deal volumes in the sector have dropped substantially compared to their peak. These dynamics have encouraged CEOs and founders to instead pursue M&A strategies for growth and liquidity.