Quarterly Spotlight Corporate Venture Capital Deal Analysis - Q3 2025

Corporate Venture Capital (CVC) deal activity held steady in Q3, alongside a sharp rebound in capital investments

CVC activity remained resilient in Q3 2025, with 1,019 deals completed globally, maintaining a consistent pace of deal-making relative to recent quarters. However, unlike prior quarters of muted deployment, capital investment saw a notable resurgence, rising to $44.1 Bn — a 112% increase over Q2. This rebound signal improving investor confidence and a renewed focus on strategic growth opportunities.

Regional trends highlighted a clear concentration of capital in North America, which accounted for 73% of total investments at $32.1 Bn. Meanwhile, Asia led deal activity, contributing 43% of global transactions, supported by fast-growing tech hubs. Europe continued to play a meaningful role, representing 10% of capital deployed, while activity across other regions remained modest.

Funding remained diversified across stages, with Rounds 3–5 attracting 40% of total capital, underscoring investor preference for businesses with proven traction and scalable models. Later-stage rounds also gained momentum, reflecting growing appetite for larger investments as market conditions stabilized.

Sector-wise, commercial services and software dominated CVC deployment, together accounting for 54% of total funds invested. This trend points to ongoing corporate priorities around digital transformation, enterprise technology, and AI-led capabilities. The most active CVC funds — including Alphabet, SBI Holdings, and Salesforce Ventures — completed 60 deals collectively, reinforcing sustained interest in high-growth domains such as AI, mobility, and SaaS.

This report highlights key trends shaping the CVC landscape in Q3 2025, including deal activity, capital deployment, regional dynamics, stage-wise allocations, sectoral shifts, and the most active investors and transactions of the quarter.