Increased dialogue over the past several quarters translated into closed deals in Q2 2024, as M&A activity picked up for the second consecutive quarter following 2023’s dearth of dealmaking. In the public markets, there is more of a mixed bag, as both LUMA.A and LUMA.M traded down in Q2 2024, but we also saw the first MarTech IPO of the year, with IBOTTA debuting in April.

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