SVB – The State of Corporate Venture Capital, 2024

The report presents trends in the corporate venture capital industry, revealing that CVCs continue to invest in the innovation economy despite a VC slowdown. Participation rates in VC deals remain high, with CVCs focusing on emerging areas like generative AI and climate tech. However, the industry-wide downturn is affecting CVCs, leading to fewer investments and a risk of dormancy among some funds. CVC leaders play a crucial role in educating corporate sponsors and managing risks in a slow market. The report also highlights differences between mature and new CVCs, with mature funds educating sponsors and becoming more independent. Financial CVCs receive the highest level of enthusiasm from executives, while newbies face challenges due to unrealistic expectations about VC. CVCs are adapting to the changing market by using corporate logos and taking a more cautious approach to investment. Overall, the future looks optimistic, with continued support for the CVC ecosystem expected in the coming year.