Amid the venture industry’s funding slowdown in 2022, nontraditional investors like hedge funds and private equity firms ran for the hills. Many assumed that corporate venture capital funds would, too — but they didn’t.
These strategic backers remained consistent in 2022 and, according to PitchBook data, actually increased their presence in venture deals. In 2022, CVCs participated in 26.2% of venture deals, up only a hair over 2021’s 25.6%. While this isn’t a meaningful change by any means, it does stand out because every other category of crossover investor participated les