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…