Intel Capital and Google Ventures lead corporate venture arms based on total investment activity and exits (M&A and IPO) of US-based portfolio companies in 2013 YTD.
In Q3’13, deal activity by corporate venture arms reached the highest levels since the start of 2011. And driving the growth in corporate venture deals are a small band of CVCs more active than the rest.
Peeling back the most active corporate venture arms in U.S. companies last quarter reveals that Google Ventures tops the list of most active CVCs, followed by Intel Capital, Samsung Ventures and SAP Ventures. With massive cash positions on the balance sheets of public tech companies, the top 5 most active CVCs in Q3’13 all came from tech sector.
On the exit front, Intel Capital leads corporate VCs with the most M&A and IPO exits in the first three quarters of 2013. Recent notable exits of Intel’s corporate venture arm include YuMe, which went public in August and energy management startup JouleX, acquired by Cisco for $107M. As we noted earlier, Intel Capital has also notched the highest number of portfolio exits among investors in the booming cybersecurity market since the start of 2012 and was also a prominent investor in many tech IPO pipeline companies. And the CVC has occasionally seen its investments, especially in the perceptual computing space, acquired by Intel itself.
Google Ventures comes in second on the list of CVCs by 2013 U.S. exits, which include the successful IPOs of Foundation Medicine and RetailMeNot. There is a three-way tie for the #3 spot between SAP Ventures, Samsung Ventures and Mitsui Ventures. See the full list is below.