Corporate Venture Capital Is Splitting In Two

Corporate venture capital is quietly splitting in two. PayPal Ventures confirmed its wind-down last month after a decade backing over eighty companies, and Fidelity International recently closed its London venture unit. But Crunchbase News reports that corporate venture capital overall is at record strength — corporate investors drove sixty-eight percent of AI deal value in twenty twenty-five. The split, though, is unmistakable: mega-tech companies like Nvidia, Meta, and Google led most billion-dollar rounds into AI companies, while smaller corporate venture programs are pulling back, pursuing fewer deals and exiting through secondary sales. Permanent capital is consolidating at the top of the market, and everyone else is learning to plan accordingly.

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