Over 100 US-based corporates and CVCs made their first non-US disclosed investment in 2016.
US-based corporations and their corporate venture capital arms are increasingly looking abroad for investments. Last year, over 100 US-based corporates and CVCs made their first non-US disclosed investment, up from less than 25 doing so in 2010. This year is on track to just surpass last year’s total.
Some recent first-time investments by US CVCs/corporates outside the US include Nasdaq Ventures’ June 8 bet on France-based blockchain app-development company Stratumn as part of a $7.8M Series A, Lockheed Martin took a minority stake in Canada-based company OMX, and Bristol Myers Squibb invested in German company Cardior Pharmaceuticals in May.
Part of this trend is pushed by the overall increase in active CVCs which we’ve tracked in our semiannual CVC Report.