First quarter shines
It gives us great pleasure to present our first-quarter data supplement.
We first started publishing these quarterly data supplements in the first quarter of last year, and we have nowcome full cycle.
During the quarter there were 246 investments worth $5.8bn and 21 exits worth $5.4bn. Inside you can read our analysis of the most active corporate venturing units, the largest deals, the largest investments, the largest fundraisings and much more.
Google Ventures was again the most active group, closely followed by Intel Capital. The largest investment was the $900m deal to back US based Hadoop software developer Cloudera, with Intel investing $740m as part of the round.
The biggest exit was that of thermostat company NestLabs, which was sold to US-based search engine Google for $3.2bn, having received backing from Google Ventures.
Big direct funds raised in the quarter included Cisco’s latest “internet of everything” fund, IBM’s Watson Group and Siemens’ Industry of the Future fund, all coming in at $100m.
It was another exciting three months in corporate venturing, providing the perfect backdrop for our symposium next month, on May 20 and 21.
Thanks must go to the great team who worked putting together the data and reports in this supplement, with much of its contents due to the dedication of Keith Baldock, head of production, Mark Chatterley, GCV reporter, Rob Lavine, GCV news editor, Quentin Carruthers, outgoing GCV news editor, and Hannah Bayes-Brown, GCV editorial assistant.