Europe's most active corporate VCs target pandemic-proof startups
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Europe’s most active corporate VCs target pandemic-proof startups

On-demand delivery startup Glovo is backed by Pernod Ricard’s venture arm, Convivialité Ventures. (Courtesy of Glovo)

Corporate venture investors took part in a record-setting year for betting on European startups in 2020, as companies sought to increase their exposure to pandemic-proof sectors, and the trend looks set to continue into 2021.  

Last year, European startups raised a record $21.4 billion through rounds with CVC participation, a nearly 35% increase over the year before, according to PitchBook data. About 34% of 2020’s investment was directed to IT and software startups, with healthcare companies accounting for 23% of the capital raised.

“The pandemic has shown that there’s never been a better time to be investing in…

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