Corporates as acquirers: exits reopen, with Alphabet paying $32B for Wiz
The deal, completed this year, handed a very large payout to a seed-stage investor, while Crunchbase recorded the most billion-dollar exits since 2021 in Q2 2026.
Per TechCrunch, Wiz completed its $32B sale to Alphabet this year. Index Ventures had invested at the seed stage and became the largest outside shareholder with a 12% stake, a position likely worth about $3.8B according to Reuters reporting cited by TechCrunch. Index then announced $2B in fresh capital, a sign that the loop between exits and new fundraising is working again.
Value of Alphabet's purchase of Wiz
Index Ventures' stake in Wiz
Likely value of that stake, per Reuters
The wider context: Crunchbase argues the biggest shift in H1 2026 is the return of liquidity through both IPOs and M&A, with Q2 bringing the most billion-dollar exits since 2021. Another example is Lilly acquiring Kelonia, the largest purchase of a well-funded biotech startup in years.
Sources
- 01TechCrunch — Fresh off its Wiz payout, Index Ventures raises $2B across three funds ↗
- 02Crunchbase News — Global Startup Investment Hit Record In H1 2026 As AI Boom Accelerates Funding And Exits ↗
This article summarises market information and is not investment advice. Vietnam Angel Network does not provide personalised investment advice.