The astonishing development of the private capital markets for fast-growing companies in the past five years is easy to record but only when put against public markets does the transformation in liquidity become apparent.

Last year GCV Analytics tracked 2,775 deals worth an estimated $180.17bn of total capital raised (see more in our annual review, the World of Corporate Venturing 2019, to be published at the Global Corporate Venturing & Innovation Summit at the end of the month). While the number of deals was a notable increase on a…

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