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Startup M&A Crests Higher In First Half Of 2025

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So far, this has been a pretty good year for startup acquisitions.

Acquirers made just over $100 billion worth of disclosed-price startup purchases 1 in the first half of 2025, per Crunchbase data. That’s a whopping 155% increase from the same period last year, showing buyers are increasingly willing to write big checks for sought-after companies.

Notably, roughly a third of this year’s total comes from a single deal: Google’s planned purchase of cybersecurity unicorn Wiz for a record-setting $32 billion. But there were other startups selling in multibillion-dollar acquisitions as well, including device designer Io and automation software provider Moveworks.

Dealmaking gets more frenetic

Deal count, meanwhile, has held steadier, with the number of announced acquisitions hovering in the mid-400s for the past three quarters. The number of M&A deals tends to be less influenced by market conditions, since buyers are inclined to go bargain hunting during down cycles and compete aggressively for hot companies during bullish ones.

Lately, the ambience leans more frenetic, particularly as pertains to AI. This was evidenced this past week, with the drama around AI coding provider Windsurf. The startup was about to sell to OpenAI for $3 billion until Google made a deal to hire its CEO and co-founder, Varun Mohan, and pay $2.4 billion for compensation and licensing.Then on Monday, AI startup Cognition announced it would acquire Windsurf.

AI was also the draw for the largest Q2 deal, OpenAI’s $6.5 billion acquisition of Io, a design startup co-founded by Jony Ive and focused on AI-powered devices.

Even with all the excitement around AI, however, the majority of M&A spending this year hasn’t gone to the space. Per Crunchbase data, only around $15 million of disclosed-price acquisitions were for AI startups in the first half of this year. (However, that excludes Wiz, which isn’t classified as an artificial intelligence company but does list AI security as one of its focus areas.)

Biggest H1 M&A deals

So where is M&A spending concentrating?

To get a sense, we used Crunchbase data to aggregate a list of 13 of the largest acquisitions in the first half of this year.

As shown above, besides AI, enterprise software fared well. Top deals in the space include Moveworks’ $2.85 billion acquisition by ServiceNow, as well as accounts payable platform Melio’s $2.5 billion sale to Xero.

In the healthcare space, electronic health record software provider Modernizing Medicine delivered one of the biggest outcomes, selling a majority stake to private equity firm Clearlake Capital Group at a reported $5.3 billion valuation.

Smaller and stealthier deals add up

The vast majority of startup acquisitions don’t have a disclosed price. But they can add up.

Oftentimes, these deals involve large-cap acquirers and well-funded startups. Examples from 2025 include Stripe’s acquisition of crypto wallet startup Privy, Snap’s purchase of school scheduling app Saturn Technologies, and Zscaler’s acquisition of cloud security startup Red Canary,

It helps acquirers that, four years after the venture funding peak in 2021, there’s still a large pipeline of funded companies taking a serious look at exit options. If current trends continue, we should see a growing number of them accomplishing that goal through M&A.

Related Crunchbase queries:

Related reading:

Illustration: Dom Guzman


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Funding & Investment in Travel

Jim Thorpe bank to close downtown location to make space for tourists at train station

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Mauch Chunk Trust Company’s bank in downtown Jim Thorpe will close at the end of the year to make space for tourists.

The branch is located inside the borough’s historic train station, which houses the Jim Thorpe Visitors Center.

Out-of-towners who come for a train ride, take a jaunt on the adjacent trail or to visit the shops in town stop at the station to use the restroom and seek tourism information from the Pocono Mountain Visitors Bureau.

Closing the branch will make more space for the estimated 400,000 guests who stop by in a year, according to a press release.

The decision to close the branch was made in partnership with the Carbon County Commissioners to better accommodate the crowds.

Mauch Chunk is the borough of Jim Thorpe’s former name. The train station downtown currently houses a branch of Mauch Chunk Trust Company and the Jim Thorpe Visitors Center.
Entertainers and vendors often set up at Josiah White Park beside the train station in Jim Thorpe.

Haley O’Brien

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WVIA News

Entertainers and vendors often set up at Josiah White Park beside the train station in Jim Thorpe.

In the announcement, Patrick H. Reilly, President and CEO of Mauch Chunk Trust said, “As tourism in Jim Thorpe has grown over the years, we’ve seen many of our railroad station customers increasingly using our North Street and other offices because they are easier to access and have better parking.”

Reilly also said more customers have been using their mobile app for banking.

The Lehigh Gorge Scenic Railway has trains departing the station several times daily during the busy seasons.

The county currently pays for portable restrooms to accommodate the hundreds of thousands of people that visit each year.

“No concrete plans have been made yet,” Commissioner Wayne Nothstein said Friday, but added that renovating the station to add more restrooms has been part of the conversation.

Mauch Chunk Trust has seven locations in Carbon County and Tamaqua. The bank’s main office on North Street is on Jim Thorpe’s East Side.

The train station branch downtown will close on Dec. 1, 2025. An ATM will remain outside the building.

Visitors line up for train tickets for Lehigh Gorge Scenic Railway on a summer day.

Haley O’Brien

/

WVIA News

Visitors line up for train tickets for Lehigh Gorge Scenic Railway on a summer day.





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EU Simplifies Schengen Visa Access for Frequent Turkish Travelers

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The European Commission has introduced a new set of regulations that make it easier for frequent Turkish travelers to obtain Schengen visas.

The changes apply to multi-entry short-stay visas, offering greater flexibility and longer durations for applicants with a consistent and compliant travel history.

With Turkish citizens having faced difficulties in securing Schengen visas in recent years, this development is seen as a major relief for those who frequently travel to Europe. The streamlined process is aimed at rewarding those who demonstrate responsible travel behavior and regular use of previous Schengen visas.

What the New Visa Rules Offer

The policy simplifies the visa acquisition process for Turkish nationals who have previously held and properly used Schengen visas. Travelers with a proven track record of regular travel and compliance will now be eligible for longer and multiple-entry visas, reducing both the paperwork and stress associated with repeat applications.

The graduated structure of the visa durations encourages continued lawful travel. Depending on their travel history and timing of application, Turkish citizens may now receive visas ranging from six months to five years in duration.

Visa Validity Timeline Based on Travel History

  • 6-month visa: For those who apply within one year of their last valid visa’s expiration.
  • 1-year multiple-entry visa: For applicants whose previous 6-month visa expired within the past two years.
  • 3-year multiple-entry visa: For those whose 1-year visa expired within the past two years.
  • 5-year multiple-entry visa: For travelers whose 3-year visa expired within the past two years.

The policy ensures that visa validity will never exceed passport expiration dates. Specifically, the visa’s end date must be at least three months before the passport’s expiry, ensuring alignment with EU border security regulations.

Countries Where the New Policy Applies

The revised visa rules will be recognized across all 25 Schengen member states, making travel significantly more convenient for eligible Turkish citizens. The countries are:

Belgium Bulgaria Czechia Germany Estonia
Greece Spain France Croatia Italy
Cyprus Latvia Lithuania Luxembourg Hungary
Malta Netherlands Austria Poland Portugal
Romania Slovakia Slovenia Finland Sweden

Who Is Excluded?

The new visa facilitation rules have clear boundaries. Turkish nationals applying for visas for professional reasons, such as truck drivers and other occupational categories, will not be eligible for the updated system. Similarly, third-country nationals residing in Türkiye who are not Turkish citizens will continue to be subject to the standard Schengen visa application procedures.

This limitation is designed to prioritize personal and tourism-related travel for Turkish citizens with proven histories of compliance and repeated visits to Schengen areas.

Official Statement from the Trade Ministry

Minister of Trade Ömer Bolat commented on the new measures by stating: “For those who have received a visa for the first time, in their second applications, it will be possible to obtain long-term and multiple-entry visas, starting from up to 6 months and extending to 1 year, 2 years, 3 years, and eventually 5 years.”

His statement reinforces the European Commission’s objective to reward trusted travelers by minimizing administrative burdens and maximizing convenience for repeat applicants.

What This Means for Turkish Travelers

The move reflects a broader shift in the EU’s approach to visa policy, balancing border control with traveler convenience. By easing access for compliant travelers, the Schengen zone could see increased tourism and business exchanges from Türkiye, a country with deepening ties to Europe.

Frequent Turkish travelers—especially those working in academia, business, and tourism—are likely to benefit the most. This policy could also reduce waiting times at consulates and streamline embassy workloads by lowering the frequency of repeated short-term applications.

While the new rules may not change the experience for all applicants, they mark a significant improvement for thousands of Turkish citizens who travel frequently and seek easier mobility across European borders.



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Bharat Gaurav Tourist Train To Leave On September 9 For Puri, Gangasagar & Two Jyotirlingas; Will Pass Through Bhopal’s Rani Kamalapati, Itarsi Stations

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Bhopal (Madhya Pradesh): Bharat Gaurav Tourist Train operated by Indian Railway Catering and Tourism Corporation Limited (IRCTC) will leave from Indore on September 9, 2025.

This special train will provide devotees with darshan of Puri, Gangasagar, Gaya, Varanasi, and Ayodhya, including Baba Baidyanath and Kashi Vishwanath Jyotirlingas.

In this 10 nights and 11 days journey, the train will pass through Indore, Ujjain, Shujalpur, Sehore, Rani Kamalapati, Itarsi, Narsinghpur, Jabalpur, Katni, and Anuppur stations of Madhya Pradesh. Passengers will be able to start their religious journey by boarding this train from Rani Kamalapati and Itarsi stations of Bhopal Division.

IRCTC has fixed the fares for the Yatra in three categories:
• Sleeper Class (Economy): Rs 18,600/- per person
• 3AC Class (Standard): Rs 29,700/- per person
• 2AC Class (Comfort): Rs 39,000/- per person

IRCTC has presented it as an all-inclusive package, which includes comfortable rail travel with LHB coaches, on-board and off-board pure vegetarian food, AC buses for local transport, accommodation as per the itinerary, tour escorts, travel insurance, on-board security, and housekeeping services.




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