PitchBook Analyst Note: The Golden Mean of Corporate Venture Capital

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