In 2024, JMDC's acquisition of Cancerscan, which was valued at **** billion Japanese yen, was the largest startup merger and acquisition in Japan. Euglena's acquisition of Saticine Medical was the second-largest startup M&A deal, with a company valuation of *** billion Japanese yen.
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INITIAL, Inc.. (January 20, 2025). Largest mergers and acquisitions (M&A) of startups in Japan in 2024, by company valuation (in billion Japanese yen) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 27, 2026, from /statistics/1261706/japan-leading-startup-acquisitions-by-deal-value/
INITIAL, Inc.. "Largest mergers and acquisitions (M&A) of startups in Japan in 2024, by company valuation (in billion Japanese yen)." Chart. January 20, 2025. ÌÇÐÄÆƽâ°æ. Accessed July 27, 2026. /statistics/1261706/japan-leading-startup-acquisitions-by-deal-value/
INITIAL, Inc.. (2025). Largest mergers and acquisitions (M&A) of startups in Japan in 2024, by company valuation (in billion Japanese yen). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 27, 2026. /statistics/1261706/japan-leading-startup-acquisitions-by-deal-value/
INITIAL, Inc.. "Largest Mergers and Acquisitions (M&a) of Startups in Japan in 2024, by Company Valuation (in Billion Japanese Yen)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 20 Jan 2025, /statistics/1261706/japan-leading-startup-acquisitions-by-deal-value/
INITIAL, Inc., Largest mergers and acquisitions (M&A) of startups in Japan in 2024, by company valuation (in billion Japanese yen) ÌÇÐÄÆƽâ°æ, /statistics/1261706/japan-leading-startup-acquisitions-by-deal-value/ (last visited July 27, 2026)
Largest mergers and acquisitions (M&A) of startups in Japan in 2024, by company valuation (in billion Japanese yen) [Graph], INITIAL, Inc., January 20, 2025. [Online]. Available: /statistics/1261706/japan-leading-startup-acquisitions-by-deal-value/
