CVCs run away

EVs get zapped. PS5 > Nintendo Switch. She-conomy. View in browser

March 7, 2024

CVC slo-mo

Hi there,   Here is this week in charts. First, let’s start with a deep dive into the world of corporate venture capital.

The Deep Dive (In Charts)

Runaways. Corporate venture capital (CVC)-backed funding and deals fell by 46% and 32%, respectively, in 2023. These drops mirrored the declines in broader venture funding (-42%) and deals (-30%). Unlike venture at large, however, CVC-backed deal volume remained above 2019 levels last year. Explore the space in our State of CVC 2023 Report.

American’t. Amid the slowdown in deals, the US saw CVC-backed deal count drop by 25% QoQ in Q4’23. However, Asia and Europe both saw deal count increase, signaling the potential for a rebound in 2024. Learn more about CVC activity ‘round the world in the full report.

On top of the world. Japan is currently the CVC capital of the world. The majority of the most active CVCs are based in the country, including the top 3: Mitsubishi UFJ Capital, SMBC Venture Capital, and Mizuho Capital. Dive deeper into their investment activity by downloading this report.

And Now, The Rest Of This Week In Charts

Source: Chartr

Out of juice. Do people want any old electric vehicle (EV) or do they want a Tesla? The EV insurgents like Lucid, Rivian, Nikola, and Polestar all have seen their shares drop 90%+ from their closing highs. To encourage EV adoption, auto incumbents and tech companies are racing to bolster EV charging infrastructure. Learn more in this customer-only Market Map.

Source: Financial Times

Let the games begin. Sony is kicking ^ss and taking sales in the great console wars. Sony PlayStation 5 annual sales have climbed over the past few years, extending the PS5’s lead over the Microsoft Xbox Series X/S and allowing it to surpass the Nintendo Switch. Meanwhile, the rise of genAI for game development stands to further disrupt the competitive landscape. Find out what gaming incumbents are up to in this report.

Source: Axios

She’s all that. Female entrepreneurs were big contributors to the boom in new US business listings in 2023. Growth in women-owned businesses outpaced the national average in several categories last year, including hotels/travel, professional services, and home services.

The +1

Try hard. Maybe genAI can make this chart 204% better. h/t Craig Tudhope for sharing this +1 with us. I love you. Anand @asanwal  P.S. If you want to read about hot tech trends in 2024, check out this report. If you want to kick back and listen to our experts dive in, download this briefing recording.

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