Corporate VC Splits Into Two Tiers as Top Funds Consolidate

PayPal and Fidelity International are winding down their corporate venture arms, but data shows the overall market is not shrinking—rather, power is concentrating among top-tier funds. Smaller corporate VCs will feel the squeeze first as the gap widens between leaders and laggards. The trend signals a maturing market where only the strongest players sustain long-term commitments.