More than 250 corporate venturing powerbrokers have gathered in London, UK, to attend the Global Corporate Venturing (GCV) Symposium starting today with aggregate corporate revenues of more than $3.5 trillion ($3687.7bn) and about $100bn in venturing assets.
These powerbrokers will gather to discuss how corporate venturing is becoming an increasingly important nexus for how governments, companies, venture investors and entrepreneurs shape the future.
GCV estimates each corporate venturing unit to manage about $100m to $200m, based off academic research that this is sensible for venture fund. Given GCV’s proprietary database tracks more than 1,000 CVC units this could mean the industry manages about $100bn to $200bn in total as a result.
The average figure is higher for our attendees as heads from some of its largest groups, including Intel Capital, which has invested more than $10.8bn and holds about 400 portfolio companies, attending.
However, there remains some uncertainty over the overall industry size as some groups, such as Swisscom and Merck, are managed as evergreens, which tend to count the current value of their portfolio as being able to be reinvested if sold, and others are on balance sheets which don’t often disclose totals.