Top 20 Corporate Venture Capital (CVC) Firms in 2025

Top 20 Corporate Venture Capital (CVC) Firms in Europe in 2025

Corporate Venture Capital (CVC) firms play a pivotal role in Europe’s startup ecosystem, providing not only funding but also strategic support, industry expertise, and access to global networks.

In 2025, these firms are driving innovation across sectors like fintech, health tech, AI, and sustainability.

Below is a detailed list of the top 20 CVC firms in Europe, their investment focus, funding conditions, and notable portfolio companies.

1. CVC Capital Partners

Investment Focus: Private equity, credit, and infrastructure across stable, non-cyclical markets.
Funding Conditions: Focuses on businesses with defendable market positions, predictable cash flows, and competitive leadership.
Notable Portfolio Companies: Trafi Ltd., AppyWay, Connected Energy Ltd.
Website: CVC Capital Partners

2. Sumitomo Corporation CVC Europe

Investment Focus: Digital transformation, industrial tech, and sustainability.
Funding Conditions: Long-term investment horizons with friendly terms.
Notable Portfolio Companies: Trafi Ltd., Teroplan S.A., GA Drilling.
Website: Sumitomo CVC Europe

3. Google Ventures (GV) Europe

Investment Focus: AI, fintech, health tech, and consumer tech.
Funding Conditions: Early-stage to growth-stage investments with a focus on scalable innovations.
Notable Portfolio Companies: Nest, Uber, Slack.
Website: Google Ventures

4. Microsoft Ventures (M12)

Investment Focus: Enterprise software, AI, cybersecurity, and cloud computing.
Funding Conditions: Prefers startups with strong product-market fit and scalable solutions.
Notable Portfolio Companies: OpenAI, Notion, UiPath.
Website: Microsoft Ventures

5. Siemens Next47

Investment Focus: Industrial IoT, AI, robotics, and energy tech.
Funding Conditions: Focuses on startups with transformative technologies in industrial applications.
Notable Portfolio Companies: Celonis, Senseye, Tulip.
Website: Siemens Next47

6. BP Ventures

Investment Focus: Renewable energy, mobility, and digital solutions for energy transition.
Funding Conditions: Invests in startups with innovative solutions for a low-carbon future.
Notable Portfolio Companies: Beyond Meat, Fulcrum BioEnergy, FreeWire Technologies.
Website: BP Ventures

7. Volkswagen Group Innovation

Investment Focus: Mobility, autonomous driving, and electric vehicles.
Funding Conditions: Focuses on startups with cutting-edge mobility solutions.
Notable Portfolio Companies: QuantumScape, Northvolt, Argo AI.
Website: Volkswagen Group Innovation

8. Intel Capital Europe

Investment Focus: AI, IoT, 5G, and semiconductor technologies.
Funding Conditions: Invests in startups with disruptive technologies in computing and connectivity.
Notable Portfolio Companies: UiPath, Cloudflare, DocuSign.
Website: Intel Capital

9. SAP.iO

Investment Focus: Enterprise software, AI, and SaaS solutions.
Funding Conditions: Focuses on startups that complement SAP’s ecosystem.
Notable Portfolio Companies: Celonis, Signavio, LeanIX.
Website: SAP.iO

10. Orange Ventures

Investment Focus: Fintech, cybersecurity, and digital health.
Funding Conditions: Invests in startups with innovative solutions for digital transformation.
Notable Portfolio Companies: PayFit, Alan, Doctolib.
Website: Orange Ventures

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11. Telefónica Innovation Ventures

Investment Focus: IoT, AI, and digital services.
Funding Conditions: Focuses on startups with scalable digital solutions.
Notable Portfolio Companies: Wayra, ElevenPaths, LUCA.
Website: Telefónica Innovation Ventures

12. BASF Venture Capital

Investment Focus: Agtech, biotech, and advanced materials.
Funding Conditions: Invests in startups with innovative solutions for sustainable chemistry.
Notable Portfolio Companies: Tropic Biosciences, CropX, Pivot Bio.
Website: BASF Venture Capital

13. Shell Ventures

Investment Focus: Renewable energy, energy storage, and digital solutions.
Funding Conditions: Focuses on startups with scalable energy transition technologies.
Notable Portfolio Companies: Sonnen, Ample, Sunfire.
Website: Shell Ventures

14. ABB Technology Ventures

Investment Focus: Industrial automation, robotics, and energy efficiency.
Funding Conditions: Invests in startups with transformative industrial technologies.
Notable Portfolio Companies: Vicarious, Clearpath Robotics, Bonsai AI.
Website: ABB Technology Ventures

15. Philips Ventures

Investment Focus: Health tech, medtech, and digital health.
Funding Conditions: Focuses on startups with innovative healthcare solutions.
Notable Portfolio Companies: BioTelemetry, Capsule Technologies, PathAI.
Website: Philips Ventures

16. BNP Paribas Ventures

Investment Focus: Fintech, insurtech, and regtech.
Funding Conditions: Invests in startups with disruptive financial technologies.
Notable Portfolio Companies: Kantox, Fluo, October.
Website: BNP Paribas Ventures

17. Allianz X

Investment Focus: Insurtech, mobility, and digital platforms.
Funding Conditions: Focuses on startups with scalable digital business models.
Notable Portfolio Companies: N26, Lemonade, GetYourGuide.
Website: Allianz X

18. Santander InnoVentures

Investment Focus: Fintech, blockchain, and AI.
Funding Conditions: Invests in startups with innovative financial solutions.
Notable Portfolio Companies: Ripple, Kabbage, Curve.
Website: Santander InnoVentures

19. Enel X Ventures

Investment Focus: Renewable energy, smart grids, and e-mobility.
Funding Conditions: Focuses on startups with sustainable energy solutions.
Notable Portfolio Companies: Sonnen, ChargePoint, EnerNOC.
Website: Enel X Ventures

20. Unilever Ventures

Investment Focus: Consumer goods, health tech, and sustainability.
Funding Conditions: Invests in startups with innovative consumer solutions.
Notable Portfolio Companies: Olly Nutrition, Graze, Liquid I.V.
Website: Unilever Ventures

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