volved with: James Mawson Founder and Editor-in-chief, Global Corporate Venturing
Getting into corporate venturing Presented by James Mawson Founder & Editor-in-chief Global Corporate Venturing
Mawsonia
What is Corporate Venturing?
4 types of corporate venturing Canadian examples: TELUS Ventures Relay Ventures/IVP Rogers Venture Partners Evok Innovations Source: Corporate Venture Forum
How much of this is going on globally?
Active corporate investors 1,200 1,000 800 600 400 200 0 2011 2012 2013 2014 2015 2016
Mawsonia Some of our 240 corporate customers Wendell Brooks, President Intel Capital GCV Leadership Society Advisory Board Jeffrey Li, Head of Tencent Investment GCV Leadership Society Advisory Board, Sue Siegel, CEO GE Ventures GCVI Summit Co-Chair and Sponsor Bill Taranto, Head of Merck GHI Fund GCV Leadership Society Advisory Board Nagraj Kashyap, Head Microsoft Ventures GCVI Summit Co-Chair Akira Kirton, Co-Head, BP Ventures GCV Leadership Society Member and Sponsor
CVC investments in local enterprises Global view (2011-2017*) * Data through March 31, 2017
CVC investments in Canada-based enterprises (2011 2017*) by sector * Data through March 31, 2017
Top 10 CVC investors based in Canada (2011 2017*) We tracked 119 deals involving Canada-based corporate VC investors since 2011. The following chart summarises the top corporate VC investors based in Canada by number of deals as well as by total size of rounds they took part in. (Suncor participated in one large deal: GreatPoint Energy). * Data through March 31, 2017
Top 15 CVC investors in Canada-based enterprises (2011 2017*) * Data through March 31, 2017
Foreign vs. domestic CVC investment in Canada (2011 2016)
Top CVC-backed fundraising initiatives in Canada (H2 2010-H1 2017) The following chart summarises the Top 10 VC funds based and raised in Canada since mid-2010: Name of initiative Formed in Capital raised ($USD m) Focus Backers Omers Ventures ll Fund 2015 260 Telecoms BMO Financial Group, Cisco Systems, Omers INKEF Capital 2010 246.9 Knowledge economy Omers, Stichting Pensioenfonds Kensington Capital IT, telecommunications, energy, 2016 228 Partners Venture Fund cleantech and digital media technology OpenText, Torstar, Kensignton Ventures TVM Life Science Early-stage molecules from 2014 201.6 Ventures Vll pharmaceutical and biotech companies Eli Lilly, Bukwang Pharma Relay Ventures III 2016 150 Early-stage deals in the mobile software, services and content sectors Northleaf Capital Partners, Royal Bank of Canada, Kensington Capital Partners, Generation Capital, AEC, Export Development Canada, Caisse de dépôt et placement du Québec Relay Ventures Earlystage Mobile Fund 2012 150 Early-stage IT, Media, Telecom startups Northleaf Capital Partners, Research In Motion, Corus Entertainment, Thomson Reuters BlackBerry Partners Fund Research In Motion (RIM), Ontario Venture Capital Fund (OVCF), 2011 150 Mobile technology II Royal Bank of Canada BlackBerry Partners Fund 2010 150 Unspecified/Sector-agnostic Thomson Reuters, Royal Bank of Canada (RBC), JLA Ventures Cloud infrastructure, digital media, big Cisco Canada Innovation 2014 150 data, intelligent infrastructure and Program mobility sectors Cisco Canada Walter Capital Partners 2015 100 Enterprises looking for growth capital Walter Group * Data through March 31, 2017
Top 10 deals backed by Canada-based CVCs (2011 2016*) The following chart summarises the Top 10 deals (by round size) involving Canada-based investors. The majority of them, unsurprisingly, are US-based companies from the IT, Financial and (notably) the Clean Tech sectors. Deal Date Portfolio Company Location Sector Round Round Size Investors List 17-Feb-12 GreatPoint Energy USA Energy D $420m Advanced Technology Ventures AES Corporation China Wanxiang Holdings Citigroup DFJ Dow Chemical Khosla Ventures Kleiner Perkins Caufield & Byers Peabody Suncor Energy 22-Sep-16 Metromile USA China Pacific Insurance David Friedberg First Round Financial D $153m Capital Index Ventures Intact Financial Corporation Mark Services Cuban Mitsui New Enterprise Associates SV Angel 14-Oct-15 Kabbage USA BlueRun Ventures ING Recruit Holdings Reverence Financial Capital Partners Santander Scotiabank Tencent E and beyond $135m Services Thomvest Ventures Undisclosed strategic UPS Yuan Capital 09-Dec-14 Dynamics USA Financial adams capital management Bain & Company CIBC C $70m Services Mastercard Doll Capital Management HarbourVest Lightspeed 25-Jan-16 FiveStars USA IT C $50m Venture Partners Menlo Ventures Rogers Communications 20-Jun-11 IControl Networks USA Charles River Ventures Cisco Systems Comcast Intel Telecommunic D $50m Kleiner Perkins Caufield & Byers Rogers Communications ations Tyco International 05-May-11 BioAmber USA Energy B $45m Cliffton Group Mitsui Naxos Capital Partners Sofinnova Partners 25-Jan-16 Farmer s Edge Canada Industrial Undisclosed $44m Kleiner Perkins Caufield & Byers Osmington 03-Feb-17 WealthSimple Canada Financial Services 13-Aug-15 PokitDok USA Health B $34m Stake purchase $38m Power Financial Corporation Lemhi Ventures Rogers Communications Undisclosed strategic * Data through March 31, 2017
Investments of Canada-based CVC investors worldwide (2011 2017*) * Data through March 31, 2017
Investments of UK-based CVC investors worldwide (2011 2016*) * Data through March 31, 2017
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