... stages (rounds A, B, and later), when the project has already proven the viability of the idea and needs to be scaled. The fund invests large sums, often gets a seat on the board of directors, and actively influences the development of the company. Corporate venture investors are large companies that invest in startups for strategic purposes. For example, a tech giant can finance a promising fintech startup in order to integrate its solutions into its business in the future. Corporate funds (CVC – Corporate ...

..., the state of Wisconsin allocated $100 million for the development of tech companies, while several European countries are establishing funds to invest in critical deeptech segments (such as semiconductors, quantum computing, and AI for industry). Corporate venture arms are stepping up as well: industrial giants are creating accelerators and funds, banks are financing fintech solutions, and IT holdings are seeking startups for investments in corporate software. This influx of "smart money" signifies ...

... while market leaders easily close mega-funds. Emergence of New Players: Despite the concentration of resources among established VC firms, the venture ecosystem is seeing new participants with unconventional strategies. Major corporations are creating corporate venture arms to invest in relevant technologies: for example, microchip manufacturer Analog Devices has launched the AD Ventures fund to invest in robotics, climate, and medtech startups, while Google, through its Gradient Ventures division, is forming ...

... and many new fund managers are struggling to find financing. Nevertheless, market leaders easily close their mega-funds, and the ecosystem continues to be enriched with new players featuring unconventional strategies. Large corporations are forming corporate venture subsidiaries (for example, the chipmaker Analog Devices has launched the AD Ventures fund to invest in robotics, climate, and medtech projects; Google is forming a new $200 million fund exclusively for AI through Gradient Ventures). Sovereign ...

... and robotics). Sovereign funds from Gulf states are also becoming active—injecting billions into tech projects and launching state megaprograms to develop the startup sector, thereby creating their tech hubs in the Middle East. At the same time, new venture funds—both independent and corporate—are being established worldwide, drawing significant institutional capital for investments in high-tech industries. Renowned Silicon Valley firms are also increasing their presence: for instance, venture giant Andreessen Horowitz (a16z) is ...