Venture capital funding into startups has drastically slowed. Corporate venture capital grew in 2022 and looks to grow again in 2023, bucking the broader downturn. Continuing a pullback in funding activity in 2022, venture capital into European startups fell by 32.1% in Q1 of 2023, per Pitchbook data. Faced with the prospect of raising down rounds at slashed valuations, startups are turning to an alternative mode of funding — corporate venture capitalists. A corporate venture capital firm, or CVC, is the investing arm of a specific business.

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Persons: Ekaterina Almasque, Almasque, Sabrina Maniscalco, Luis Valente, Valente, iLoF, Charlie Bullock Organizations: Corporate, GV, Google, Catalyst, Catalyst Fund, Presidio Ventures, Japan's Sumitomo Corporation, Microsoft, OSRAM Ventures