The corporate venture capital ecosystem is expanding far beyond the likes of Google Ventures and Intel Capital. Companies in a range of industries are launching CVC arms, such as aviation companies like JetBlue and CPG companies like Campbell’s Soup, among others.
According to our CB Insights Corporate Venture Capital Report, the number of new corporate venture capital firms making first-time investments is on track for a record year, at the current run-rate. Specifically, 53 new corporate VC units globally made their first investment in the first half of 2016, including firms like General Mills Ventures and NBC Sports Ventures.
Using CB Insights data, we highlighted the number of CVCs making investments on a quarterly basis as well as the most active CVCs globally in 2016 and 2015.
Quarterly active CVC trends
There were 176 corporate VCs in all that completed an investment in Q2’16. While that’s below all-time highs set in Q3’15, Q2’16 numbers are still up 6% over the same period in 2015.
Since Q4’14, there have been at least 160+ corporate VCs completing deals each quarter, with Q3’15 hitting an all-time high of 191 corporate VCs making an investment. CVCs are investing across a range of industries including fintech, digital health, AI, food and beverage, and much more.
Most active CVCs in 2016
As seen below, Intel Capital has been dethroned by Google Ventures as the most active CVC investor in the first half of 2016. Comcast Ventures rounded out the third spot with investments in companies like Slack and Meta.
|The Most Active CVCs In The First Half Of 2016|
|7||Pfizer Venture Investments|
Below is a list of the top 50+ most active CVC investors in 2016 so far.
The CVC list includes a number of names across a variety of industries. Google, Intel, and Salesforce are among those representing the tech industry while firms like Pfizer, Novartis, and SR One are from the healthcare field.
|55 Most Active CVCs Of H1’16|
|Google Ventures||In-Q-Tel||Time Warner Investments|
|Intel Capital||Tengelmann Ventures||Robert Bosch Venture Capital|
|Comcast Ventures||Orange Digital Ventures||Corigin Ventures|
|Salesforce Ventures||Lilly Asia Ventures||Merck Global Health Innovation Fund|
|Cisco Investments||American Express Ventures||BlueCross BlueShield Venture Partners|
|GE Ventures||Nokia Growth Partners||Nissay Capital|
|Qualcomm Ventures||Hewlett-Packard Ventures||YJ Capital|
|Pfizer Venture Investments||Legend Capital|
|Bloomberg Beta||WuXi Venture Fund|
|CyberAgent Ventures||AbbVie Biotech Ventures|
|Samsung Ventures||Bertelsmann Digital Media Investments|
|Ping An Ventures||SingTel Innov8|
|Johnson & Johnson Innovation||Saison Ventures|
|Roche Venture Fund||301 INC|
|Verizon Ventures||Caixa Capital|
|SR One||Wipro Ventures|
|Citi Ventures||Capital One Growth Ventures|
|Brand Capital Springboard||Google Capital|
|Rakuten Ventures||Santander InnoVentures|
|NTT DoCoMo Ventures||Hearst Ventures|
|Microsoft Ventures||SMBC Venture Capital|
|Novartis Venture Funds||American Family Ventures|
|Telstra Ventures||WME Ventures|
|AXA Strategic Ventures||Boehringer Ingelheim Venture Fund|
|The Most Active CVCs in 2015|
|10||Novartis Venture Funds|
CVCs like Amazon’s Alexa Fund as well as Rakuten Ventures are among the firms represented below. Additionally, Asia-based CVCs like Ping An Ventures and Legend Capital were among the most active CVC investors in 2015.
|48 Most Active CVCs Of 2015|
|Intel Capital||Pfizer Venture Investments|
|Google Ventures||Alexa Fund|
|Qualcomm Ventures||DG Incubation|
|Salesforce Ventures||Siemens Venture Capital|
|GE Ventures||GREE Ventures|
|Samsung Ventures||Ping An Ventures|
|Comcast Ventures||Citi Ventures|
|Bloomberg Beta||SMBC Venture Capital|
|Cisco Investments||YJ Capital|
|Novartis Venture Funds||Mitsui & Co. Global Investment|
|SR One||Merck Global Health Innovation Fund|
|Legend Capital||American Express Ventures|
|Bertelsmann Digital Media Investments||Eircom Digital Boost Initiative|
|Recruit Strategic Partners||Lilly Ventures|
|Nokia Growth Partners||Robert Bosch Venture Capital|
|Renren Lianhe Holdings||TIM Ventures|
|CyberAgent Ventures||Roche Venture Fund|
|Johnson & Johnson Innovation||Camber Creek|
|Novo Ventures||Dentsu Digital Holdings|
|AXA Strategic Ventures||Fosun Kinzon Capital|
|Google Capital||Tengelmann Ventures|
|Hearst Ventures||BioMed Ventures|
|Verizon Ventures||Rakuten Ventures|
Finally, we highlighted the most active CVCs in 2014 with a focus on US-based investments.
In 2014, Google Ventures was the most active CVC investor in US-based companies.
|The Most Active Corporate VCs of 2014|
|6||Novartis Venture Funds|
|9||Siemens Venture Capital|
|12||Second Century Ventures|
|12||Mitsui & Co. Global Investment|
|18||Johnson & Johnson Development Corp.|
|20||Bertelsmann Digital Media Investments|
Below are the top 100+ most active CVC investors in US-based companies in 2014.
A range of industries are represented in the 104 CVC investors below including financial services CVCs like Citi Ventures as well as automobile manufacturer CVCs like GM Ventures, among many others.
|104 Active Corporate Venture Capital Investors of 2014|
|Google Ventures||Pfizer Venture Investments||Fletcher Spaght Ventures||Biogen Idec New Ventures|
|Intel Capital||Citi Ventures||Wells Fargo Startup Accelerator||Western Digital Capital|
|Salesforce Ventures||Dell Ventures||Chevron Technology Ventures||UPS Strategic Enterprise Fund|
|Qualcomm Ventures||Hearst Ventures||Steamboat Ventures||Morgan Stanley Expansion Capital|
|Comcast Ventures||Novo Ventures||Ascension Ventures||AbbVie Biotech Ventures|
|Novartis Venture Funds||UMC Capital||BP Ventures||Zaffre Investments|
|Samsung Ventures||Shea Ventures||Motorola Solutions Venture Capital||Takeda Ventures|
|Cisco Investments||American Express Ventures||Sanofi-Genzyme Ventures||MedImmune Ventures|
|Siemens Venture Capital||AOL Ventures||MS Ventures||ABB Technology Ventures|
|SR One||Telstra Ventures||SingTel Innov8||Castrol innoVentures|
|Bloomberg Beta||Recruit Strategic Partners||BASF Venture Capital||GM Ventures|
|Fidelity Biosciences||Total Energy Ventures International||TELUS Ventures||Boulder Brands Investment Group|
|Second Century Ventures||Reed Elsevier Ventures||Baxter Ventures||Merck Research Ventures Fund|
|GE Ventures||BlueCross BlueShield Venture Partners||American Family Ventures||First Data Ventures|
|Mitsui & Co. Global Investment||Roche Venture Fund||BMW i Ventures||Karlani Capital|
|Microsoft Ventures||Liberty Global Ventures||Brace Pharma||Nissay Capital|
|In-Q-Tel||Amgen Ventures||Evonik Ventures||CyberAgent Ventures|
|Verizon Ventures||Presidio Ventures||WPP Digital||Astellas Venture Management|
|Johnson & Johnson||NTT DoCoMo Ventures||Swisscom Ventures||Rakuten Ventures|
|Bertelsmann Digital Media Investments||kbs+ Ventures||T-Venture||GE Healthcare Financial Services|
|Merck Global Health Innovation Fund||BBVA Ventures||Kaplan Ventures||Aster Capital|
|Kaiser Permanente Ventures||KDDI Open Innovation Fund||Liquidity Ventures||DSM Venturing|
|Constellation Technology Ventures||WuXi Corporate Venture Fund||R/GA Ventures||Xandex Investments|
|Time Warner Investments||Legend Capital||Renren Lianhe Holdings||SABIC Ventures|
|Lilly Ventures||DG Incubation||Telefonica Ventures||dunnhumby Ventures|
|CAA Ventures||Transamerica Ventures Fund||Robert Bosch Venture Capital||Kiwi Venture Partners|
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