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PitchBook Analyst Note: The Golden Mean of Corporate Venture Capital

2Q 2019

PitchBook Analyst Note: The Golden Mean of Corporate Venture Capital

May 14, 2019

PitchBook Analyst Note: The Golden Mean of Corporate Venture Capital
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CVC investors have participated in over 50% of US VC deal value for the past two quarters. Senior Analyst Brendan Burke sits down to discuss their motivations and role in the VC market globally.

In 2018, corporate venture capital activity hit record levels, with US CVC investors participating in 1,065 deals worth $60.8 billion globally. This analyst note offers a primer on the role of US CVC investors, examining:
  • Trends driving the lofty activity levels of late
  • The financial and strategic performance of the three most active CVC arms—Intel Capital, GV and Salesforce Ventures
  • How CVC arms balance financial versus strategic goals for their investments
  • Outcome and valuations data for CVC-backed companies