Spinouts managed to raise substantial amounts in the first quarter before the global crisis hit

The world may have found itself in the most unusual times, but when it came to university venturing even March – when lockdowns started to be implemented in countries across Europe and US states such as California and New York issued shelter in place orders –  none of the effects of the pandemic and stock market crash appear to have made a dent.

In fact, the amount of money that was put into spinouts actually continued its month-on-month increase from $834m in January and $1.1bn in February to nearly $1.6bn in March. The number of deals may have dropped slightly between February and March – from 73 to 62 – but this was actually still at a comparative level to March 2019.

Total investments in the first quarter were up nearly 30% year-on-year, from $2.7bn in the first quarter of last year to $3.5bn in the three months just gone.…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.

Not sure if you have a subscription?
Thierry Heles

Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).