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The State of Corporate Venture Capital
2025
Key Takeaways
CVCs are evolving their strategies in 2025. The pace of investment is more deliberate, as CVCs pursue fewer, more targeted deals. AI investment continues to grow as a pillar of corporate innovation strategy. Efficiency and liquidity challenges are also prompting funds to seek greater independence from their corporate parents.
51% Of CVCs cite speed and efficiency as persistent challenges
Corporate prioritization and bureaucratic decision-making are also common roadblocks.
22% Of CVCs have used the secondary market to generate liquidity
That’s up 7 percentage points from last year.
2 in 3 Financial CVCs are off balance sheet
Among strategic funds, the ratio is 1 in 5.