Mailgun Nails Seventh Exit Through Acquisition in August
August 29, 2012
So far this year, 123 VC-backed companies in the Software industry have successfully completed an exit transaction such as a corporate acquisition, IPO or buyout, according to the PitchBook Platform. As a result of this healthy activity, 385 venture capital investors have achieved exits. Not surprisingly, the vast majority of these exits were made through corporate acquisitions, which account for 84% of the exit activity. This month is right in line with that pattern, with Mailgun's sale to Rackspace marking the eighth completed exit and the seventh sale to a strategic buyer in August.