Since Q4'14, there have been at least 160+ corporate VCs completing deals each quarter. In the first half of 2016, Google Ventures dethroned Intel Capital as the most active.

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.

The 2016 Corporate Venture Capital Year in Review
A comprehensive data-driven look at 2016’s corporate venture capital activity globally, with over 60 pages of data detailing global CVC investment trends, active CVCs, and much more.

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.

active CVC investors 2016_11.2016

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.

Other firms represented include Pfizer Venture Investments, GE Ventures, and Bloomberg Beta, among others.

The Most Active CVCs In The First Half Of 2016
Rank Investor
1 Google Ventures
2 Intel Capital
3 Comcast Ventures
4 Salesforce Ventures
5 Cisco Investments
6 GE Ventures
7 Qualcomm Ventures
7 Pfizer Venture Investments
9 Bloomberg Beta
9 CyberAgent Ventures

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
1-24 25-48 49-55
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

In 2015, Intel Capital was the most active CVC investor with investments in companies like iZettle and Docusign, among others. Google Ventures and Qualcomm Ventures rounded out the 2nd and 3rd spots.

Other CVCs represented in the top 10 include Comcast Ventures as well as Bloomberg Beta and Cisco Investments.

The Most Active CVCs in 2015
Rank Investor
1 Intel Capital
2 Google Ventures
3 Qualcomm Ventures
4 Salesforce Ventures
5 GE Ventures
6 Samsung Ventures
7 Comcast Ventures
8 Bloomberg Beta
9 Cisco Investments
10 Novartis Venture Funds
10 SR One

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
1-25 26-50
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
In-Q-Tel Microsoft 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.

Intel Capital and Salesforce Ventures rounded out the 2nd and 3rd spots while healthcare funds like Novartis Venture Funds and SR One were among those in the top 10.

The Most Active Corporate VCs of 2014
Rank CVC Investor
1 Google Ventures
2 Intel Capital
3 Salesforce Ventures
4 Qualcomm Ventures
5 Comcast Ventures
6 Novartis Venture Funds
7 Samsung Ventures
8 Cisco Investments
9 Siemens Venture Capital
9 SR One
11 Bloomberg Beta
12 Fidelity Biosciences
12 Second Century Ventures
12 GE Ventures
12 Mitsui & Co. Global Investment
12 Microsoft Ventures
12 In-Q-Tel
18 Verizon Ventures
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
1-26 27-52 53-78 79-104
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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