{"id":5238,"date":"2023-07-11T14:02:21","date_gmt":"2023-07-11T17:02:21","guid":{"rendered":"https:\/\/artica.capital\/clairfield-pilulas\/mercado-de-corporate-venture-capital-cvc\/"},"modified":"2026-09-30T09:00:39","modified_gmt":"2026-09-30T12:00:39","slug":"mercado-de-corporate-venture-capital-cvc","status":"publish","type":"pilulas","link":"https:\/\/artica.capital\/en\/clairfield-pilulas\/mercado-de-corporate-venture-capital-cvc\/","title":{"rendered":"Corporate Venture Capital (CVC) Market"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Grandes companhias investem em startups buscando inova\u00e7\u00e3o por meio dos Corporate Venture Capitals. Esta modalidade de Venture Capital ganhou relev\u00e2ncia nos \u00faltimos anos, tendo se sobressa\u00eddo mesmo em um momento dif\u00edcil para ativos de risco em 2022.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">No Brasil, diversas empresas aderiram ao modelo de investimentos, com aproximadamente USD 800 milh\u00f5es em volume movimentado em 2022. Saibam mais sobre essa modalidade na p\u00edlula de hoje.<\/p>\n\n\n\n<!-- pilula-html v1 -->\n<style>\n.pil{--navy:#2d3a51;--blue:#4f6388;--light:#8599b9;--pale:#e8ebf1;--card:#d3d9e3;--red:#c0272d;--txt:#333;font-family:\"Merriweather Sans\",sans-serif;color:var(--txt);margin-top:40px}\n.pil *{box-sizing:border-box}\n.pil img{max-width:100%;height:auto;display:block}\n.pil-sec{margin:0 0 56px}\n.pil-sec h2{background:var(--navy);color:#fff;font-size:19px;line-height:1.35;font-weight:700;padding:16px 20px;border-radius:0 0 28px 0;margin:0 0 20px;text-wrap:balance}\n.pil-sub{font-size:14px;font-weight:700;color:var(--navy);border-bottom:2px solid var(--navy);padding-bottom:6px;margin:0 0 16px;display:flex;justify-content:space-between;gap:12px;align-items:flex-end}\n.pil-tag{color:var(--red);border-top:2px solid var(--red);border-bottom:2px solid var(--red);font-size:12px;padding:2px 8px;white-space:nowrap}\n.pil-unit{font-size:12px;font-style:italic;color:#999;font-weight:700}\n.pil-src{font-size:11px;color:#777;margin-top:14px;line-height:1.5}\n.pil-p{font-size:14px;line-height:1.6;margin:0 0 12px}\n.pil-note{display:flex;gap:12px;align-items:center;background:var(--pale);border:1.5px dashed var(--navy);border-radius:10px;padding:12px 16px;font-size:14px;line-height:1.55;margin-top:18px}\n.pil-note::before{content:\"\";flex:none;width:26px;height:26px;border-radius:50%;background:var(--navy) url(\"data:image\/svg+xml,%3Csvg xmlns='http:\/\/www.w3.org\/2000\/svg' viewBox='0 0 24 24' fill='none' stroke='white' stroke-width='1.8' stroke-linecap='round'%3E%3Cpath d='M9 18h6M10 21h4M12 3a6 6 0 0 0-3.5 10.9c.6.5 1 1.2 1 2.1h5c0-.9.4-1.6 1-2.1A6 6 0 0 0 12 3z'\/%3E%3C\/svg%3E\") center\/16px no-repeat}\n.pil-note.solid{border-style:solid;background:#fff;box-shadow:0 2px 6px rgba(0,0,0,.12)}\n.pil-note.solid::before{display:none}\n.pil-grid2{display:grid;grid-template-columns:1fr 1fr;gap:24px}\n.pil-grid2.wide-left{grid-template-columns:1.75fr 1fr}\n.pil-grid2.wide-right{grid-template-columns:1fr 1.75fr}\n.pil-grid3{display:grid;grid-template-columns:repeat(3,1fr);gap:20px}\n.pil-grid4{display:grid;grid-template-columns:repeat(4,1fr);gap:16px}\n.pil-grid5{display:grid;grid-template-columns:repeat(5,1fr);gap:12px}\n.pil-grid2>*,.pil-grid3>*,.pil-grid4>*,.pil-grid5>*{min-width:0}\n.pil-legend{font-size:12px;display:flex;gap:14px;justify-content:flex-end;flex-wrap:wrap;margin-bottom:6px}\n.pil-legend span{display:inline-flex;align-items:center;gap:6px}\n.pil-legend i:empty{width:14px;height:10px;display:inline-block;flex:none}\n\/* grafico de colunas: .pil-bars > div[style=height:%] > span (valor); .pil-years > span *\/\n.pil-bars{display:flex;align-items:flex-end;gap:2.2%;height:240px;border-bottom:1.5px solid #333;padding:22px 1% 0}\n.pil-bars>div{flex:1;background:var(--light);position:relative;min-height:1px}\n.pil-bars>div.e{background:var(--blue)}\n.pil-bars>div.cur{background:var(--navy)}\n.pil-bars>div>span{position:absolute;top:-19px;left:50%;transform:translateX(-50%);font-size:12px;white-space:nowrap}\n.pil-years{display:flex;gap:2.2%;padding:4px 1% 0;font-size:11px;text-align:center}\n.pil-years span{flex:1}\n.pil-cagr{text-align:center;font-size:12px;font-weight:700}\n.pil-cagr span{display:inline-block;border:1.5px solid #222;border-radius:50%;padding:2px 8px;margin-top:4px}\n\/* barras horizontais: .pil-hbars > .r > (b nome) (.bar > i[style=width:%]) (em valor) *\/\n.pil-hbars{display:grid;gap:8px;font-size:13px}\n.pil-hbars .r{display:grid;grid-template-columns:minmax(90px,30%) 1fr auto;gap:10px;align-items:center}\n.pil-hbars .bar{background:var(--pale);height:18px}\n.pil-hbars .bar i{display:block;height:100%;background:var(--blue)}\n.pil-hbars em{font-style:normal;font-weight:700;color:var(--navy);min-width:48px;text-align:right}\n\/* cartoes de numeros *\/\n.pil-box{border:2px solid var(--navy);border-radius:0 0 10px 10px;background:#fff}\n.pil-box>h3{margin:0;background:var(--navy);color:#fff;font-size:14px;text-align:center;padding:8px}\n.pil-stat{text-align:center;padding:16px 14px;font-size:13px;line-height:1.45}\n.pil-stat strong{display:block;font-size:40px;color:var(--blue);font-weight:800;line-height:1.1}\n.pil-stat strong small{font-size:22px}\n.pil-stat em{font-style:normal;color:var(--blue);font-weight:700}\n.pil-card{background:#fff;border-radius:12px;box-shadow:0 1px 5px rgba(0,0,0,.14);padding:14px 16px;font-size:13px;line-height:1.5}\n.pil-card h3{font-size:15px;color:var(--navy);margin:0 0 8px}\n.pil-card.tint{background:var(--card);box-shadow:none}\n\/* listas e fatos *\/\n.pil-list{margin:0;padding-left:18px;font-size:14px;line-height:1.6}\n.pil-list li{margin-bottom:6px}\n.pil-fact{font-size:14px;line-height:1.5;padding-left:14px;border-left:3px solid var(--light)}\n.pil-fact.dark{border-color:var(--navy)}\n.pil-fact b{color:var(--navy)}\n.pil-fact big{font-size:20px;font-weight:800;color:var(--navy)}\n.pil-hl{color:var(--blue);font-weight:700}\n\/* tabela *\/\n.pil-tw{overflow-x:auto}\n.pil-table{width:100%;border-collapse:collapse;font-size:13px}\n.pil-table th{background:var(--navy);color:#fff;text-align:left;padding:8px 10px;font-weight:700}\n.pil-table td{padding:7px 10px;border-bottom:1px solid #d8dce4;vertical-align:top}\n.pil-table tr:nth-child(even) td{background:#f5f6f9}\n.pil-table .n{text-align:right;font-variant-numeric:tabular-nums;white-space:nowrap}\n.pil-tw{overflow-x:auto;-webkit-overflow-scrolling:touch;max-width:100%}\n.pil-tw .pil-table{width:100%;min-width:max-content}\n.pil-tw .pil-table th,.pil-tw .pil-table td{padding:6px 7px}\n.pil-table td:first-child,.pil-table th:first-child{white-space:nowrap}\n.pil-tw .pil-table.dense,.pil-tw .pil-table:has(tr>*:nth-child(8)){font-size:12px}\n.pil-tw .pil-table:has(tr>*:nth-child(11)){font-size:11.5px}\n.pil-tw .pil-table:has(tr>*:nth-child(11)) th,.pil-tw .pil-table:has(tr>*:nth-child(11)) td{padding:5px 4px}\n\/* linha do tempo *\/\n.pil-time{display:grid;gap:14px;border-left:2px dashed var(--light);padding-left:18px;margin-left:6px}\n.pil-time>div{position:relative;font-size:14px;line-height:1.5}\n.pil-time>div::before{content:\"\";position:absolute;left:-25px;top:5px;width:12px;height:12px;border-radius:50%;background:var(--navy)}\n.pil-time b.y{display:block;color:var(--light);font-size:16px;font-weight:800}\n\/* figuras (recortes do slide) *\/\n.pil-fig{margin:0}\n.pil-fig figcaption{text-align:center;font-weight:800;color:var(--light);font-size:16px;margin-top:4px}\n.pil-brand{background:var(--card);border-radius:14px;overflow:hidden}\n.pil-brand p{margin:0;text-align:center;font-size:20px;font-weight:800;font-style:italic;color:var(--navy);padding:10px 0 12px}\n@media (max-width:700px){\n  .pil-grid2,.pil-grid2.wide-left,.pil-grid2.wide-right{grid-template-columns:1fr}\n  .pil-grid3,.pil-grid4,.pil-grid5{grid-template-columns:1fr 1fr}\n  .pil-sec h2{font-size:17px}\n  .pil-bars{height:180px}\n  .pil-bars>div>span{font-size:10px}\n  .pil-years{font-size:9px}\n}\n@media (max-width:480px){\n  .pil-bars{gap:1.2%}\n  .pil-years{gap:1.2%;font-size:8px}\n  .pil-bars>div>span{font-size:8px;letter-spacing:-.3px}\n  .pil-bars:has(>div:nth-child(13))>div>span{writing-mode:vertical-rl;transform:translateX(-50%) rotate(180deg);top:auto;bottom:100%;padding-bottom:2px}\n  .pil-years:has(>span:nth-child(13)) span{writing-mode:vertical-rl;transform:rotate(180deg);margin:0 auto}\n}\n\r\n\r\n\r\n<\/style>\n<div class=\"pil\">\n\n<section class=\"pil-sec\">\n  <h2>Diversas startups de sucesso foram impulsionadas por grandes investidores estrat\u00e9gicos no in\u00edcio de suas trajet\u00f3rias<\/h2>\n  <div class=\"pil-sub\">O que estes investimentos de sucesso t\u00eam em comum?<\/div>\n  <div class=\"pil-tw\">\n    <table class=\"pil-table\" style=\"text-align:center\">\n      <tbody>\n        <tr><th>Investidor<\/th>\n          <td><img decoding=\"async\" src=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/09\/5238-inv-apple.png\" alt=\"Apple\" loading=\"lazy\" style=\"max-width:40px;margin:0 auto\"><\/td>\n          <td><img decoding=\"async\" src=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/09\/5238-inv-microsoft.png\" alt=\"Microsoft\" loading=\"lazy\" style=\"max-width:40px;margin:0 auto\"><\/td>\n          <td><img decoding=\"async\" src=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/09\/5238-inv-google.png\" alt=\"Google\" loading=\"lazy\" style=\"max-width:80px;margin:0 auto\"><\/td>\n          <td><img decoding=\"async\" src=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/09\/5238-inv-inteldell.png\" alt=\"Intel e Dell\" loading=\"lazy\" style=\"max-width:56px;margin:0 auto\"><\/td>\n          <td><img decoding=\"async\" src=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/09\/5238-inv-microsoft2.png\" alt=\"Microsoft\" loading=\"lazy\" style=\"max-width:40px;margin:0 auto\"><\/td><\/tr>\n        <tr><th>Investida<\/th>\n          <td><img decoding=\"async\" src=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/09\/5238-alvo-adobe.png\" alt=\"Adobe\" loading=\"lazy\" style=\"max-width:40px;margin:0 auto\"><\/td>\n          <td><img decoding=\"async\" src=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/09\/5238-alvo-facebook.png\" alt=\"Facebook\" loading=\"lazy\" style=\"max-width:80px;margin:0 auto\"><\/td>\n          <td><img decoding=\"async\" src=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/09\/5238-alvo-uber.png\" alt=\"Uber\" loading=\"lazy\" style=\"max-width:70px;margin:0 auto\"><\/td>\n          <td><img decoding=\"async\" src=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/09\/5238-alvo-docusign.png\" alt=\"DocuSign\" loading=\"lazy\" style=\"max-width:80px;margin:0 auto\"><\/td>\n          <td><img decoding=\"async\" src=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/09\/5238-alvo-openai.png\" alt=\"OpenAI\" loading=\"lazy\" style=\"max-width:84px;margin:0 auto\"><\/td><\/tr>\n        <tr><th>Ano do investimento<\/th><td>1984<\/td><td>2007<\/td><td>2013<\/td><td>2015<\/td><td>2023<\/td><\/tr>\n        <tr><th>Valor investido<\/th><td>US$ 2,5 MM<\/td><td>US$ 240 MM<\/td><td>US$ 258 MM<\/td><td>US$ 45MM<\/td><td>~US$ 10 Bi<sup>(3)<\/sup><\/td><\/tr>\n        <tr><th>% Adquirida<\/th><td>19%<\/td><td>2%<\/td><td>7%<\/td><td>~1,5%<\/td><td>N\u00e3o divulgado<\/td><\/tr>\n        <tr><th>Ano do desinvestimento<\/th><td>1989<\/td><td>2012<sup>(1)<\/sup><\/td><td>Em andamento<\/td><td>Em andamento<\/td><td>Em andamento<\/td><\/tr>\n        <tr><th>Retorno estimado<\/th><td>3260%<\/td><td>593%<sup>(1)<\/sup><\/td><td>2346%<sup>(2)<\/sup><\/td><td>343%<sup>(2)<\/sup><\/td><td>N.A.<\/td><\/tr>\n      <\/tbody>\n    <\/table>\n  <\/div>\n  <div class=\"pil-grid2 wide-right\" style=\"margin-top:18px;align-items:stretch\">\n    <div class=\"pil-card\" style=\"background:var(--navy);color:#fff;font-size:17px;text-align:center;display:flex;align-items:center;justify-content:center\">Todos s\u00e3o casos de Corporate Venture Capital (CVC)<\/div>\n    <div class=\"pil-note solid\" style=\"margin-top:0;font-size:15px;text-align:center\"><span>Modalidade de investimento em que grandes companhias investem em startups\/ empresas emergentes, buscando fomentar inova\u00e7\u00e3o e se preparar para disrup\u00e7\u00f5es.<\/span><\/div>\n  <\/div>\n  <div class=\"pil-src\">Notas: (1) Retorno calculado sobre as a\u00e7\u00f5es vendidas no IPO, por\u00e9m a Microsoft ainda mant\u00e9m parte das a\u00e7\u00f5es; (2) Estimativa considerando o market cap em 30\/07\/2023; (3) A Microsoft j\u00e1 havia investido US$1 bilh\u00e3o em 2019 na companhia.<br>Fonte: \u00c1rtica; Portais de not\u00edcia; Crunchbase<\/div>\n<\/section>\n\n<section class=\"pil-sec\">\n  <h2>No \u00faltimo ano, essa modalidade de Venture Capital resistiu \u00e0s quedas gerais do mercado e ganhou relev\u00e2ncia globalmente<\/h2>\n  <div class=\"pil-sub\">N\u00famero de transa\u00e7\u00f5es globais de Venture Capital por modalidade<\/div>\n  <div class=\"pil-legend\"><span><i style=\"background:#d0d7e4\"><\/i>Venture Capital Tradicional<\/span><span><i style=\"background:#4f6388\"><\/i>CVC<\/span><span><i style=\"background:#4f6388;border-radius:50%;width:22px\"><\/i>CVC (% do total)<\/span><\/div>\n  <div class=\"pil-bars\" style=\"gap:10%;padding:22px 5% 0\" role=\"img\" aria-label=\"N\u00famero de transa\u00e7\u00f5es globais de Venture Capital (milhares), CVC + tradicional = total: 2019 3,5 + 20,7 = 24,2 (CVC 14% do total); 2020 3,8 + 21,8 = 25,6 (15%); 2021 5,4 + 30,9 = 36,3 (15%); 2022 5,3 + 21,8 = 27,1 (19%)\">\n    <div style=\"height:66.7%;background:none;display:flex;flex-direction:column-reverse\"><span>24,2<\/span><div style=\"height:14.4%;background:#4f6388;color:#fff;font-size:12px;display:flex;align-items:center;justify-content:center\">3,5<\/div><div style=\"height:85.6%;background:#d0d7e4;font-size:12px;display:flex;align-items:center;justify-content:center\">20,7<\/div><\/div>\n    <div style=\"height:70.5%;background:none;display:flex;flex-direction:column-reverse\"><span>25,6<\/span><div style=\"height:14.8%;background:#4f6388;color:#fff;font-size:12px;display:flex;align-items:center;justify-content:center\">3,8<\/div><div style=\"height:85.2%;background:#d0d7e4;font-size:12px;display:flex;align-items:center;justify-content:center\">21,8<\/div><\/div>\n    <div style=\"height:100%;background:none;display:flex;flex-direction:column-reverse\"><span>36,3<\/span><div style=\"height:14.8%;background:#4f6388;color:#fff;font-size:12px;display:flex;align-items:center;justify-content:center\">5,4<\/div><div style=\"height:85.2%;background:#d0d7e4;font-size:12px;display:flex;align-items:center;justify-content:center\">30,9<\/div><\/div>\n    <div style=\"height:74.7%;background:none;display:flex;flex-direction:column-reverse\"><span>27,1<\/span><div style=\"height:19.5%;background:#4f6388;color:#fff;font-size:12px;display:flex;align-items:center;justify-content:center\">5,3<\/div><div style=\"height:80.5%;background:#d0d7e4;font-size:12px;display:flex;align-items:center;justify-content:center\">21,8<\/div><\/div>\n  <\/div>\n  <div class=\"pil-years\" style=\"gap:10%;padding:4px 5% 0;font-size:12px\"><span>2019<\/span><span>2020<\/span><span>2021<\/span><span>2022<\/span><\/div>\n  <div class=\"pil-years\" style=\"gap:10%;padding:8px 5% 0\" aria-hidden=\"true\">\n    <span><b style=\"display:inline-block;background:#4f6388;color:#fff;border-radius:50%;padding:3px 10px\">14%<\/b><\/span>\n    <span><b style=\"display:inline-block;background:#4f6388;color:#fff;border-radius:50%;padding:3px 10px\">15%<\/b><\/span>\n    <span><b style=\"display:inline-block;background:#4f6388;color:#fff;border-radius:50%;padding:3px 10px\">15%<\/b><\/span>\n    <span><b style=\"display:inline-block;background:#4f6388;color:#fff;border-radius:50%;padding:3px 10px\">19%<\/b><\/span>\n  <\/div>\n  <p class=\"pil-p\" style=\"text-align:right;margin-top:6px;color:#2a9d3a;font-weight:700\">15% \u2192 +4p.p. \u2192 19%<\/p>\n  <p class=\"pil-p\" style=\"margin-top:18px\"><b style=\"color:var(--blue);font-size:17px\">Caracter\u00edsticas CVCs:<\/b> Os CVCs se sobressa\u00edram em um momento de baixa no mercado, ganhando participa\u00e7\u00e3o no total do Venture Capital devido a algumas de suas caracter\u00edsticas:<\/p>\n  <div style=\"display:grid;gap:14px\">\n    <div style=\"display:flex;gap:14px;align-items:center\"><img decoding=\"async\" src=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/09\/5238-ic-horizonte.png\" alt=\"\u00cdcone de ampulheta\" loading=\"lazy\" style=\"width:56px;flex:none\"><p class=\"pil-p\" style=\"margin:0\"><b>Horizonte de tempo e finalidade do investimento:<\/b><br>CVCs possuem horizonte de tempo mais longo que Venture Capitals tradicionais e n\u00e3o focam apenas em retornos financeiros, mas tamb\u00e9m em objetivos estrat\u00e9gicos.<\/p><\/div>\n    <div style=\"display:flex;gap:14px;align-items:center\"><img decoding=\"async\" src=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/09\/5238-ic-recursos.png\" alt=\"\u00cdcone de ma\u00e7os de dinheiro\" loading=\"lazy\" style=\"width:56px;flex:none\"><p class=\"pil-p\" style=\"margin:0\"><b>Disponibilidade de recursos:<\/b><br>Recursos s\u00e3o provenientes da pr\u00f3pria empresa investidora, dependendo menos do momento de mercado para arrecada\u00e7\u00f5es.<\/p><\/div>\n    <div style=\"display:flex;gap:14px;align-items:center\"><img decoding=\"async\" src=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/09\/5238-ic-expertise.png\" alt=\"\u00cdcone de engrenagem\" loading=\"lazy\" style=\"width:56px;flex:none\"><p class=\"pil-p\" style=\"margin:0\"><b>Expertise operacional:<\/b><br>CVCs fornecem expertise operacional, auxiliando empresas investidas em momentos adversos.<\/p><\/div>\n  <\/div>\n  <div class=\"pil-src\">Fonte: \u00c1rtica; Global Corporate Venturing<\/div>\n<\/section>\n\n<section class=\"pil-sec\">\n  <h2>No Brasil, os CVCs cresceram mais de 1000% desde 2017, tendo tamb\u00e9m resistido ao momento de baixa do \u00faltimo ano<\/h2>\n  <div class=\"pil-sub\">Volume investido no mercado de Corporate Venture Capital (CVC) brasileiro<\/div>\n  <div style=\"display:flex;justify-content:space-between;align-items:center\"><span class=\"pil-unit\">US$ MM<\/span><span class=\"pil-legend\"><span><i style=\"background:#44546b\"><\/i>Volume investido<\/span><\/span><\/div>\n  <div style=\"display:flex;gap:2%;padding:0 1%;font-size:13px;font-weight:700;text-align:center;margin-bottom:6px\">\n    <span style=\"flex:5\"><b style=\"display:inline-block;background:#1e9e32;color:#fff;border-radius:50%;padding:3px 10px\">+1,278%<\/b><\/span>\n    <span style=\"flex:1\"><b style=\"display:inline-block;background:#c0173d;color:#fff;border-radius:50%;padding:3px 10px\">-4.5%<\/b><\/span>\n  <\/div>\n  <div class=\"pil-bars\" role=\"img\" aria-label=\"Volume investido em CVC no Brasil, em US$ milh\u00f5es: 2017 61; 2018 164; 2019 231; 2020 242; 2021 836; 2022 798. Crescimento de +1,278% at\u00e9 2021 e queda de -4.5% em 2022\">\n    <div style=\"height:7.3%;background:#44546b\"><span>61<\/span><\/div>\n    <div style=\"height:19.6%;background:#44546b\"><span>164<\/span><\/div>\n    <div style=\"height:27.6%;background:#44546b\"><span>231<\/span><\/div>\n    <div style=\"height:28.9%;background:#44546b\"><span>242<\/span><\/div>\n    <div style=\"height:100%;background:#44546b\"><span>836<\/span><\/div>\n    <div style=\"height:95.5%;background:#44546b\"><span>798<\/span><\/div>\n  <\/div>\n  <div class=\"pil-years\"><span>2017<\/span><span>2018<\/span><span>2019<\/span><span>2020<\/span><span>2021<\/span><span>2022<\/span><\/div>\n  <div class=\"pil-sub\" style=\"margin-top:28px\"><span>Empresas brasileiras com iniciativas de CVCs<sup>(1)<\/sup><\/span><\/div>\n  <img decoding=\"async\" src=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/09\/5238-logos-cvc.png\" alt=\"Logos de empresas brasileiras com iniciativas de CVC: BTG, XP Investimentos, Locaweb, Banco do Brasil, Renner, Embraer, Fleury, Stone, Magalu, B3, Braskem, Engie, Bradesco, Via, Sinqia, Minerva Foods, Totvs e Suzano\" loading=\"lazy\" style=\"width:100%;max-width:640px;height:auto;margin:0 auto;display:block\">\n  <div class=\"pil-src\">Notas: (1) N\u00e3o exaustivo<br>Fonte: \u00c1rtica; Distrito; \u00c9poca Neg\u00f3cios; ABVCAP<\/div>\n<\/section>\n\n<section class=\"pil-sec\">\n  <h2>Assim como no mercado internacional, as empresas brasileiras priorizam investimentos em startups incipientes<\/h2>\n  <div class=\"pil-sub\">Prefer\u00eancias e objetivos de CVCs brasileiros<\/div>\n  <p class=\"pil-p\">Na pesquisa \u201cCorporate Venture Capital 2022\u201d, a ABVCAP entrevistou 41 empresas que atuam no Brasil, mapeando as caracter\u00edsticas e motiva\u00e7\u00f5es de seus CVCs.<\/p>\n  <div class=\"pil-grid2\" style=\"margin-top:20px\">\n    <div>\n      <div class=\"pil-sub\"><span>Est\u00e1gios preferenciais de investimento<sup>(1)<\/sup><\/span><\/div>\n      <p class=\"pil-p\">Entrevistados informaram possuir maior foco em empresas em fases mais iniciais (Seed e Early stage)<\/p>\n      <div class=\"pil-bars\" style=\"gap:5%;padding:22px 3% 0\" role=\"img\" aria-label=\"Est\u00e1gios preferenciais de investimento: Seed 76,5%; Early Stage (S\u00e9rie A-B) 88,2%; Growth (S\u00e9rie C) 11,8%; Late stage (s\u00e9rie D+) 2,9%; Private equity 2,9%\">\n        <div style=\"height:86.7%;background:#44546b\"><span>76,5%<\/span><\/div>\n        <div style=\"height:100%;background:#44546b\"><span>88,2%<\/span><\/div>\n        <div style=\"height:13.4%;background:#a6a6a6\"><span>11,8%<\/span><\/div>\n        <div style=\"height:3.3%;background:#a6a6a6\"><span>2,9%<\/span><\/div>\n        <div style=\"height:3.3%;background:#a6a6a6\"><span>2,9%<\/span><\/div>\n      <\/div>\n      <div class=\"pil-years\" style=\"gap:5%;padding:4px 3% 0\"><span>Seed<\/span><span>Early Stage<br>(S\u00e9rie A-B)<\/span><span>Growth<br>(S\u00e9rie C)<\/span><span>Late stage<br>(s\u00e9rie D+)<\/span><span>Private equity<\/span><\/div>\n      <p class=\"pil-p\" style=\"text-align:center;margin-top:10px;border-top:2px solid var(--navy);padding-top:6px\"><b>Maturidade da companhia \u2192<\/b><\/p>\n    <\/div>\n    <div>\n      <div class=\"pil-sub\">Objetivo dos investimentos<\/div>\n      <p class=\"pil-p\">Ao pontuar (em uma escala de 1 a 5) as principais motiva\u00e7\u00f5es para estabelecer um Corporate Venture Capital, as companhias destacaram a prepara\u00e7\u00e3o para disrup\u00e7\u00f5es futuras e desenvolvimento de novos neg\u00f3cios.<\/p>\n      <div class=\"pil-hbars\" role=\"img\" aria-label=\"Notas de 1 a 5 das motiva\u00e7\u00f5es para estabelecer um CVC: Retornos financeiros 3,5; Apoiar neg\u00f3cios existentes 3,5; Criar novos neg\u00f3cios 4,4; Preparar para disrup\u00e7\u00f5es futuras 4,5\">\n        <div class=\"r\"><b>Retornos financeiros<\/b><div class=\"bar\"><i style=\"width:70%\"><\/i><\/div><em>3,5<\/em><\/div>\n        <div class=\"r\"><b>Apoiar neg\u00f3cios existentes<\/b><div class=\"bar\"><i style=\"width:70%\"><\/i><\/div><em>3,5<\/em><\/div>\n        <div class=\"r\"><b>Criar novos neg\u00f3cios<\/b><div class=\"bar\"><i style=\"width:88%;background:var(--navy)\"><\/i><\/div><em>4,4<\/em><\/div>\n        <div class=\"r\"><b>Preparar para disrup\u00e7\u00f5es futuras<\/b><div class=\"bar\"><i style=\"width:90%;background:var(--navy)\"><\/i><\/div><em>4,5<\/em><\/div>\n      <\/div>\n    <\/div>\n  <\/div>\n  <div class=\"pil-src\">Notas: (1) Respondentes podem citar mais de um est\u00e1gio como preferencial.<br>Fonte: ABVCAP<\/div>\n<\/section>\n\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Large companies invest in startups seeking innovation through Corporate Venture Capital. This type of Venture Capital has gained prominence in recent years, having excelled even during a difficult time for venture capital assets in 2022.<\/p>","protected":false},"author":1,"featured_media":5233,"template":"","meta":[],"class_list":["post-5238","pilulas","type-pilulas","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/pilulas\/5238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/pilulas"}],"about":[{"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/types\/pilulas"}],"author":[{"embeddable":true,"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/users\/1"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/media\/5233"}],"wp:attachment":[{"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/media?parent=5238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}