Global CVC-backed deals fall for the first time in more than 5 years: CVC-backed deals declined from a record high of 3,416 in 2019 to 3,359 in 2020. The modest 1.7% year-over-year (YoY) decline is attributable to a slowdown in the first half of 2020 where deals were down 5% from 2019 levels before rebounding in the second half of 2020.

Global CVC-backed funding reaches record high: CVC-backed funding soared to an all-time high of $73.1B in 2020, increasing 24% from 2019, despite the overall decline in CVC-backed deals.

The number of active CVCs declines slightly: For the first time in more than 4 years, the number of CVCs participating in a deal fell — from a record 984 in 2019 to 979 in 2020.

CVCs step back from seed-stage deals: The number of CVC-backed seed-stage deals fell 10% YoY in 2020 and accounted for just 24% of CVC-backed deals, a 5-year low.

Mega-rounds gain CVC attention: Mega-rounds (deals worth $100M+) with CVC participation reached an all-time high of 182 in 2020 — a 48%increase compared to the previous year.

GV, Salesforce Ventures, and Intel Capital again top the list of most active CVCs: New to the top 10 in 2020 were Qualcomm Ventures, Lenovo Capital and Incubator Group, and the Slack Fund.