Corporate venture capital deployment dropped 18% quarter-over-quarter as parent enterprises demand stricter capital discipline amidst sustained high interest rates.
Strategic Realignment
Investment committees are redirecting capital away from consumer-facing tech toward early-stage B2B enterprise software. Deals under $15 million now represent 62% of total deal volume, up from 41% two years ago.
Valuation Multiples Normalize
Series A valuations in the enterprise software sector have stabilized at 8x to 10x ARR. Fund managers report that burn rate metrics now supersede top-line growth as the primary criteria for follow-on funding.