Total disclosed M&A deal values reached $13.1B during the first six months of 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 $82M.

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

Let’s start by looking at M&A volumes in the RegTech sector during the first half of 2025, which were robust with 249 deals seen, on pace to exceed the ten-year high of 334 transactions achieved in 2024. There was strong demand from strategic and financial acquirers, with Private Equity being the buyer in 39% of these deals.

Venture capital funding for RegTech firms peaked in 2021 and has declined considerably since then, a trend that continued into the first half of 2025. Additionally, venture capital deal volumes in the sector have dropped substantially in recent years. These dynamics have encouraged CEOs and founders to instead pursue M&A strategies for growth and liquidity.