With the VC asset class shrinking, the large balance sheets of corporate investors and an increasing focus on growth is spurring corporate venture arms to become more active and also to write larger checks. In fact, peeling back the 100 largest VC-backed tech deals over the last five years highlights that corporations participated in nearly 40% of the largest 100 tech deals in 2012 and 2013 YTD.
As 2013 comes to an end, we wanted to take a look at the 10 largest U.S.-based financing rounds that involved the participation of a corporate venture capital arm. Google Ventures-backed Uber was the largest CVC-backed financing round (and largest overall U.S. tech VC round in the year to date), followed by a $150M round to Tech IPO Pipeline candidate MongoDB backed by Intel Capital and equally large rounds to Pure Storage and Fab.com.
Just one of the top 10 largest CVC deals came from the healthcare sector, a testament to the rise of corporates in tech VC and in line with the recent decline in healthcare corporate venture investment. Two investors, Google Ventures and ITOCHU Technology Ventures, participated in more than one of the 10 largest 2013 corporate venture-backed financing rounds. In aggregate, the top 10 largest financings rounds with CVC participation combined for $1.16B in total funding.
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