March 20-31 '24 SaaS M&A Roundup

Seed, pre-seed and Series B among the acquired; one strategic priced deal at $115M (est 3-4x)

Few insights from these transactions:

• Seed stage deals lead the way in March with Sora (seed), Essaypop (pre-seed) and Approvals Pro (pre-seed)

• Sora Finance was acquired by Flourish, which is a sub- of MassMutual

• Essaypop was acquired by McGraw Hill Education

• Crisp on an M&A tear with deal #5 in ~2 years

• Descartes, commerce favorite acquirer, picks up Sumaru backed 3GTMS for $115M, which I estimate at a 3-4x revenue valuation.

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