CB Insights – State of CVC 2024 Recap

The report by CB Insights "State of CVC 2024 Recap" explores the trends and dynamics in corporate venture capital (CVC) funding. In 2024, AI startups received 37% of CVC-backed funding, marking a record high. Despite an overall decline in the number of deals, CVCs increased their AI dealmaking by 13% year-on-year. The average annual deal size reached $27.3M, the second highest ever recorded. Early-stage companies received 65% of CVC deals, with biotech firms securing significant investments. Conversely, CVC-backed funding to Asia declined by 34%, primarily due to reduced activity in China. Globally, CVC funding rebounded to $65.9B, though the number of deals continued to drop, hitting the lowest level since 2018.