Big corporations are putting more money to work in startup companies, another sign that things are heating up in the startup ranks.
According to a report by CB Insights, corporate venture capitalists sunk over $3 billion in 129 deals during the first quarter, up 73 percent on a sequential basis.
Google Ventures was the leading investor in the first quarter, placing cash into twice as many startup companies as second place finisher Intel Capital. Google also has been ramping up its M&A efforts, just today announcing plans to purchase Divide, an Android startup that was backed by Google Ventures and others. The company’s YouTube unit also is said to be close to buying video game streaming service Twitch for upwards of $1 billion.
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