The report delves into the most recent data on global investments in external startups, made by outside-in corporate venturing units. These units are on the rise and becoming increasingly active. US-based corporate VCs in 2018, for example, made the majority of total investments in external startups for the first time (PitchBook Analyst Note: The Golden Mean of Corporate Venture Capital, 2019).
The term “external corporate venturing” embodies a set of distinct modes that corporate firms use to engage with innovative, external startups. These modes, among others, include corporate venture capital (CVC), corporate accelerators, corporate innovation labs, and direct corporate minority investments.
The report covers two equity-based, outside-in corporate venturing modes: corporate VC and corporate accelerators. Also, given the interdependent investment relationship between corporate and private investors (i.e., private venture capital (VC) and private accelerators), we include an analysis of these investor classes in the first and last part of the report to provide context
for external corporate venturing activities.
- corporate venture capital
- entrepreneurial finance
- corporate venturing