I’m surprised to see Corporate VCs (CVCs) are making their presence known, especially during this pandemic. I personally thought they wouldn’t be as active, focusing more on preserving their capital.
But I’m predicting that they’re taking advantage of the sudden vacuum left by VCs during this pandemic as they focus on their respective portfolio companies. While the ultimate goal is financial returns, large companies need to keep staying relevant within startup ecosystems.
Given that the IPOs this year by tech companies (so far) was better than expected, it only provides more of a valid reason for CV funds to not stop investing.
EDIT (4 Oct): Looking back, boy this year coming out be way better than expected!