The rise of corporate venture capital investors, whether at the seed-stage, in the largest financings or into the billion-dollar valuation club, has been reshaping the VC ecosystem as of late. And while some VCs including Fred Wilson have been critical of corporate venture units, others have syndicated dozens of deals with corporate venture arms in just the past few years alone.
Using CB Insights data, we took a look at which VC firms have co-invested in the highest number of deals with a corporate venture unit since 2008 and how their CVC-syndicated deals added up as a percentage of their overall deal activity.
The data below.
Top Venture Capital Investors By CVC-Syndicated Deals Since 2008
There are 20 venture capital firms that have syndicated over 25 deals with corporate venture capital arms between 2008 and 2013. At the top of the list is New Enterprise Associates who has co-invested with a corporate venture arm in over 60 deals over the six-year period.
The top 3 is rounded out by fellow mega venture fund Accel Partners and micro VC First Round Capital, both of whom have syndicated over 50 deals in the period with a CVC investor. Interestingly, First Round Capital is one of only two micro VCs in the top 10, the other being SV Angel.
Next, we analyzed the same set of investors by looking at their CVC-syndicated deals as a share of their overall deal activity in the period. Interestingly, there are several investors who have syndicated nearly 1/5 of their deals over the six year period with a corporate venture arm including RRE Ventures, Doll Capital Management and Venrock. New Enterprise Associates, which ranked highest based on absolute CVC-syndicated deals ranks fourth as a percentage of total CVC participating deal activity at 19%.
Want to see the underlying data behind this syndicate research? Check out the CB Insights Venture Capital Database and the investment syndicate dashboard that is part of Investor Analytics. Sign up for free below.
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