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Corporate Venture Capital (CVC) deal activity remained steady in Q1, with a decline in capital invested. Funds maintained their focus on established companies within innovation-driven industries. 

Corporate venture capital (CVC) activity demonstrated resilience in Q1 2025, with a total of 1,052 deals completed, maintaining consistent deal volume relative to previous quarters. Despite this stability in activity, capital deployment by CVC funds witnessed a significant contraction, with total investments declining approximately 40% from Q4 2024. This deceleration reflects a broader shift in market sentiment, with firms adopting a more cautious stance amid evolving macroeconomic dynamics and heightened valuation scrutiny.

Regional trends underscore the continued dominance of North American and European CVCs, which collectively accounted for 84% of total investments. These regions contributed $24.8 billion across 570 deals, reinforcing their position as global hubs for corporate-backed innovation. This geographic concentration suggests that companies headquartered in mature markets remain central to the CVC ecosystem, driven by robust corporate balance sheets and a sustained appetite for strategic growth.

An analysis of investment rounds reveals that 46% of CVC funding was directed toward firms already active in the fundraising landscape, while only 9% supported companies raising capital for the first time. This trend indicates a preference among CVCs to back businesses with an established funding history, as a measure to mitigate risk and enhance portfolio stability.

Sector-wise, software, commercial products, pharmaceuticals, and computer hardware dominated the investment landscape, accounting for 62% of total funds raised and around 690 deals. Notably, the top three CVC investors, including names like Sean O'Sullivan Ventures and Sumitomo Mitsui, collectively executed 54 deals.

This edition of the Quarterly Insights on CVC Deal Analysis provides an overview of global CVC investment activity, highlighting key sectors, active CVC funds, and significant deals completed during the quarter.