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The State of Corporate Venture Capital
2025

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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.