Corporate venture capitalists (CVCs) participated in 2,375 European venture funding rounds in 2022, representing over a fifth (21.7%) of the entire VC deals occurring during the year.
The value of participating deals is estimated at $46.3B (€42.6B).
- CVCs participated in fewer rounds in 2022, down from the previous year's tally of 2,661 deals.
- Despite this, CVCs were able to participate in a higher share of deals due to the year's lower overall deal volume.
- CVCs mainly focused on late-stage deals, participating in 37.3% of all late-stage rounds.
- CVC Porsche Ventures backed Rimac's €500M Series D round, and CVC Prosus Ventures participated in GoStudent's €300M Series D round.
- CVCs are poised to continue backing startups in the downturn due to the structure of CVCs funds — the majority of which are evergreen funds — and the fact that they invest based on strategic interests.
