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Startups
The SaaS Consolidation Wave: Private Equity Is Buying Up the Mid-Market
ALGERIATECH Editorial
February 21, 2026
The SaaS bubble of 2021-2022 inflated fast and deflated faster. Revenue multiples that once touched 20x-30x collapsed to 4x-6x as interest rates rose and growth-at-all-costs gave way to profitable growth.
