Comment by Rachel Gutnick, senior associate at Touchdown Ventures

Corporate venture capital (CVC) has grown significantly over the past decade. Between 2011 and 2021, annual venture capital investing by corporations grew more than 15 times to $200bn, according to Pitchbook. This represents approximately 30% of all venture dollars deployed. Not surprisingly, the number of corporations investing in venture capital also increased. According to Pitchbook, 990 corporate entities made an investment in 2021, compared with just 273 in 2011.

This study examines data from Global Corporate Venturing, Pitchbook and Crunchbase, as well as new corporate venture capital fund announcements throughout the year.

Our research indicated that corporations invested in 365 new venture capital funds in 2021, including traditional institutional VCs and corporate venture funds. Based on data from Global Corporate Venturing, more than 225 corporate limited partner investments were made into traditional venture funds in 2021. This article focuses on the remaining 140 CVC funds where the majority of the capital…

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