OVERVIEW
Our second quarter 2025 corporate venture capital (CVC) survey indicators continue to show challenging market conditions. However, valuations are on the rise in surveyed transactions. In this survey, we track investment trends as the market picked up for CVC financings. We also analyze a survey of key economic terms related to the largest Q2 2025 venture capital investments in which CVC programs either led the round or participated as significant or anchor investors.
KEY TERMS
We focused our survey on the following deal terms typically negotiated between companies and investors:
VALUATION
The survey covers a wide range of financing transactions during Q1 2025, from early- to late-stage financings.
Of the Morgan Lewis transactions we reviewed, 71% reflected an up round, with