
Q2 2025 Closed Deals: 5 Takeaways from 584 SMB Acquisitions
TTM multiples slid to 3.3x in Q2 2025 — a 12-quarter low. Five takeaways from Search Fund Ventures' analysis of 584 SMB closed deals.
Research · Perspectives · Practice
SMB investing, search fund, and co-invest playbooks. Fundraising tips and operator tactics for accredited investors and advisors.
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