CROSS-CATEGORY: Banks and PE Firms Position for Post-SaaSpocalypse M&A Wave — $13B+ Deployed Across Fintech, MarTech, and Software

Multiple (Capital One / Goldman Sachs / CNBC)·high signal

Three distinct classes of institutional capital are converging on the SaaS disruption simultaneously: Capital One absorbed Brex for $5.15B (AI-native fintech), Goldman Sachs led Hightouch's $150M round at $2.75B (AI-native MarTech), and Thoma Bravo is actively hunting software bargains at decade-low valuations. The combined signal: sophisticated buyers see the SaaSpocalypse as a generational buying opportunity, not an extinction event. They're acquiring the AI-native companies and hunting undervalued incumbents with data moats — positioning for the post-disruption landscape while public markets panic.