This is our first quarterly look at the European corporate venturing market.

There were 37 European corporate venturing deals in the first quarter worth $434.8m, compared with 29 investments in the fourth quarter of 2012 worth $382.1m and 43 worth $569m in the first quarter of 2012.

There were two European corporate venturing backed exits worth $85m in the first quarter of 2012, compared with one exit in the fourth quarter of 2012 and five exits and two initial public offerings worth $373.5m in the first quarter of 2012.

The exits were the $85m sale of Qualcomm Ventures-backed location-aware software…