Robotics deals saw an increase despite an overall decline in deal count and dollar volume this summer.

Drone hovering over a bearch
Source: Wikipedia

Although the summer months of July and August were slow, and overall deal count and dollar volume continued to decline, deals in robotics and drones were one of the only areas to experience an increase in activity. Perhaps we will finally see robotics becoming a more prominent feature in our workplaces and homes.

And while fundraising seems to be still in the doldrums, the level of exits we are seeing are giving us cause for some cautious optimism. The level of exits reported by GCV this year looks more like that of last year, which may be a promising early sign of potential recovery.

See all the corporate-backed deals for 2023 to date

Robotics and drones

One area in which we saw interesting deals was…

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Kaloyan Andonov

Kaloyan Andonov is head of analytics at Global Corporate Venturing.