Plenty of companies want to build venture capital arms to invest in the hottest technology trends and find the best new companies: The number of these firms is on the rise, and they’re investing large sums of money in the deals that they do. And at the top of that list is Google Ventures, which has been the most active corporate VC since the beginning of 2012, according to a new report from CB Insights.
The report, which can be found online here, breaks down corporate venture capital (CVC) investments in the past quarter, as well as trends over time. The report found that when these corporate venture firms participate, the deals are larger — 60 percent larger than typical VC deals, and the deals are bigger (the average CVC deal was $15.1 million in the second quarter of this year, compared to $9.5 million for the average VC deal).
Twenty five percent of venture capital funding now includes funding from corporate VCs, and it’s concentrated from the top firms: Google Ventures and Intel Capital together participate in more than one-fifth of CVC deals.
As we’ve written before, Google Ventures aspires to be one of the top venture firms in Silicon Valley, rather than a classic corporate VC that’s just an offshoot of Google. Of course, it has Google’s financial backing — it just recently expanded its fund to $300 million annually, and it’s investing in about 80 companies a year, so its status as the most active firm makes a lot of sense.
The firms that Google Ventures is most likely to co-invest with inculde Kleiner Perkins Caufield & Byers, First Round Capital, Andreessen Horowitz, 500 Startups, and True Ventures, according to this report. That finding fits right in with the firm’s ambition to compete amongst the top in the Valley.
Here is the list of the top ten most active corporate VCs since the start of 2012:
Here’s a chart showing the number of deals for each firm since the first quarter of 2012, with Google Ventures is at the far left: