The new cycle of Corporate Venture Capital has begun
Summary
The article explains that Corporate Venture Capital in Brazil is shifting from abundant, experimental funding to more selective, strategic investments focused on long-term value. Total startup investment fell about 13% in 2025 to roughly US$4.5 billion, while corporate capital remained resilient and concentrated, representing about 46% of the total and larger average tickets. CVCs are evolving from generalist approaches to vertically aligned, execution-focused vehicles that connect startups to corporate assets and prioritize areas like payments, B2B fintech, identity, antifraud, cybersecurity, regtech and AI with clear scale potential. New structured funds such as Itaú Ventures and GB Ventures signal greater maturity, and success will be measured more by integrated execution and strategic value than by volume deployed.