Corporate venture capital has grown by 23% in the US with 1.7B$ of investment and 126 deals. The reasons for the growth are due to both a greater number of corporations with venture capital and a small group of CVCs being hyperactive.
The CVCs represent 25% of the investment.
According to figures analysed by CBinsights, the investment volume of CVCs has grown by 7% compared to the previous year. CVCs are investing in all stages of investment from seed to buyouts, 40% are invested in seed and early rounds, and the amounts are higher than those of traditional VCs, specifically 60% higher. It is also significant that CVCs account for 25% of total investment.
El número de CVC que invierten activamente está creciendo: en el Q2-2013 han participado 66 CVC en alguna operación que supone un incremento del 40% respecto a los CVC que participaron en el Q3-2011.»La tendencia del CVC parace seguir, more than 750 CVCs have been detected worldwide.. Parece que los CVC están ocupando el hueco dejado por los VC al estar estos ocupados en levantar nuevos fondos» comenta Diego Gutierrez, experto en finanzas corporativas en ABRA INVEST.
Most active sectors: internet and healthcare 75% of investments.
Internet remains the sector with the largest number of deals, representing 40% of the market. In second place is healthcare, with a third of the funds focused on this sector and including corporations such as Novartis, GlaxoSmithKline, Merck, J&J, and Kaiser Permanente among others.
Participation is fairly concentrated in the top 10 CVCs, which account for 40% of total deals done, with the two leaders standing out: Google Ventures and Intel Capital with 20% of the total. Other active players include Qualcomm ventures, In-Q-Tel and Novartis.