1、State of CVCGlobal|2024 recapGlobal data and analysis on CVC-backed deals and funding to private market companiesState of CVC2 2Make smartertech decisions.Our platform will help you discover,understand,and manage your response to emerging tech.Make confident tech decisions that drive growth,improve

2、operations,and beat the competition with CB Insights.IIIITry our platform free!Sign up for a free trialState of CVC3 3“Steal”our data.Download the underlying data in this report.If you create any analysis or visualizations with this data,send it our way and you could be featured in the CBI newslette

3、r.us on social LinkedIn X(Twitter)InstagramIIIIDownload the raw dataTL;DR4Your rundown onCVC in 202437%Of CVC-backed funding goes to AI.A record high.In 2024,AI startups captured 37%of CVC-backed funding and 21%of deals both record highs.Counter to the broader decline in deals,CVCs ratcheted up AI d

4、ealmaking by 13%YoY as they race to secure footholds in the space before competitors gain an edge.See the data$27.3MAverage annual deal size.2nd highest ever.Among deals with CVC participation,annual average deal size reached$27.3M,tied for its second-highest level ever(exceeded only by the low-inte

5、rest-rate environment of 2021).Amid fewer deals,CVCs are increasingly aggressive when they do decide to invest.See the data 2In 3 CVC deals go to early-stage companies.Early-stage rounds made up 65%of total CVC-backed deals in 2024,tied for the highest recorded level in more than a decade.Biotech co

6、mpanies benefited the most,taking home 10 of the top 20 early-stage deals in Q424,with multiple firms raising$100M+mega-rounds.See the data-34%Decline in CVC-backed funding to Asia.In 2024,Asia continued to see CVC-backed funding decline,down 34%YoY to$7B.China is leading the decline,with no quarter