TempoCap Liquidity Indices – Q1 2026

We are pleased to share the eighth edition of the TempoCap Liquidity Indices, now updated to include exit activity from Q1 2026.

We continue to monitor the largest VC-backed technology exits across Europe, tracking performance across three core categories: all-cash acquisitions, cash and share deals, and public listings.

Congratulations to the new addition to the indices this quarter – BVNK.

BVNK – a reported $1.8bn all-cash acquisition by Mastercard. BVNK is a stablecoin payments infrastructure platform that enables businesses to send, receive, and convert digital assets and traditional currencies through a single API. It gives finance and treasury teams a unified payments layer, real-time settlement capabilities, and multi-currency wallet infrastructure so they can move money across borders efficiently, reduce reliance on legacy banking rails, and embed stablecoin-powered payments directly into their products and workflows.

We have researched various sources to ensure we have the most accurate information possible, but if you’ve spotted something that needs to be corrected or a company that needs to be added, please let us know!