# Corporate VCs backing Entertainment (2026 list)

> 28 corporate VCs backing Entertainment, 86% active in the last 12 months. Led by Intel Capital, Google Ventures, Salesforce Ventures.

Source: https://millionrounds.com/lists/corporate-vcs-entertainment (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# Corporate VCs backing Entertainment

Updated 7 November 2026

Corporate VCs we have observed in an entertainment round in the last two years.

[See all 28 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fcorporate-vcs-entertainment)The top 25

**28** investors on the list *+1* this week

**406** cheques in 12 months *-8%* against the market

**$26M** median round they joined *+228%* against the market median

**86%** wrote a cheque in 12 months

**46%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (23)

- 1 [Intel Capital](https://millionrounds.com/fund/intel-capital) *Deploying now* Corporate VC · United States **1,123** **$22M** median round **Oct 2026** last seen
- 2 [Google Ventures](https://millionrounds.com/fund/gv) *Deploying now* Corporate VC · United States **884** **$38M** median round **Oct 2026** last seen
- 3 [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures) *Deploying now* Corporate VC · United States **649** **$26M** median round **Nov 2026** last seen
- 4 [Samsung Next](https://millionrounds.com/fund/samsung-next) *Deploying now* Corporate VC · United States **311** **$15M** median round **Nov 2026** last seen
- 5 [Z Venture Capital](https://millionrounds.com/fund/z-venture-capital) *Deploying now* Corporate VC · Japan **200** **$10M** median round **Oct 2026** last seen
- 6 [Comcast Ventures](https://millionrounds.com/fund/comcast-ventures) *Deploying now* Corporate VC · United States **199** **$25M** median round **Oct 2026** last seen
- 7 [SoftBank BB Corp](https://millionrounds.com/fund/softbank) *Deploying now* Corporate VC · Japan **158** **$159M** median round **Oct 2026** last seen
- 8 [Deutsche Bank](https://millionrounds.com/fund/deutsche-bank) *Deploying now* Corporate VC · Germany **144** **$175M** median round **Nov 2026** last seen
- 9 [Sony Innovation Fund](https://millionrounds.com/fund/sony-innovation-fund) *Deploying now* Corporate VC · Japan **142** **$10M** median round **Sept 2026** last seen
- 10 [Endeavor](https://millionrounds.com/fund/endeavor) *Deploying now* Corporate VC · United States **106** **$25M** median round **Sept 2026** last seen
- 11 [MasterCard](https://millionrounds.com/fund/mastercard) *Deploying now* Corporate VC · United States **101** **$3.9M** median round **Nov 2026** last seen
- 12 [ABN AMRO Fund](https://millionrounds.com/fund/abn-amro-clearing) *Deploying now* Corporate VC · Netherlands **54** **$185M** median round **Nov 2026** last seen
- 13 [Orange Ventures](https://millionrounds.com/fund/orange-ventures) *Deploying now* Corporate VC · France **53** **$11M** median round **Sept 2026** last seen
- 14 [Meta](https://millionrounds.com/fund/meta) *Deploying now* Corporate VC · United States **28** **$11M** median round **Oct 2026** last seen
- 15 [Deutsche Telekom](https://millionrounds.com/fund/deutsche-telekom) *Deploying now* Corporate VC · Germany **23** **$21M** median round **Feb 2026** last seen
- 16 [Universal Music Group](https://millionrounds.com/fund/universal-music-group) *Deploying now* Corporate VC · United States **20** **$30M** median round **Aug 2026** last seen
- 17 [NBCUniversal](https://millionrounds.com/fund/nbcuniversal) *Deploying now* Corporate VC · United States **18** **$100M** median round **Oct 2026** last seen
- 18 [NVentures](https://millionrounds.com/fund/nventures) *Deploying now* Corporate VC · United States **18** **$330M** median round **Jun 2026** last seen
- 19 [TAL Education Group](https://millionrounds.com/fund/tal-education-group) *Deploying now* Corporate VC · China **15** **$46M** median round **Apr 2026** last seen
- 20 [KPN](https://millionrounds.com/fund/kpn) *Deploying now* Corporate VC · Netherlands **6** **$16M** median round **Feb 2026** last seen
- 21 [Creative Artists Agency](https://millionrounds.com/fund/creative-artists-agency-caa) quiet Corporate VC · United States **5** **$55M** median round **Jul 2025** last seen
- 22 [Alibaba Cloud](https://millionrounds.com/fund/alibaba-cloud) *Deploying now* Corporate VC · China **4** **$197M** median round **Jul 2026** last seen
- 23 [Krafton](https://millionrounds.com/fund/krafton) *Deploying now* Corporate VC · South Korea **4** **$34M** median round **Oct 2026** last seen
- 24 [Red Bull Ventures](https://millionrounds.com/fund/red-bull-ventures) *Deploying now* Corporate VC **2** **$52M** median round **Aug 2026** last seen
- 25 [Arche Fund](https://millionrounds.com/fund/arche-fund) quiet Corporate VC · Vietnam **1** **$17M** median round **May 2025** last seen

**3 more on this list**

All 28 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

[See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fcorporate-vcs-entertainment)

## The Newest Cheques

Rounds this list's investors joined most recently

- **5** Nov **[Pure Data Centres Group](https://millionrounds.com/company/pure-data-centres-group)** Debt · $1.9B *With* [ABN AMRO Fund](https://millionrounds.com/fund/abn-amro-clearing)
- **5** Nov **[firmly](https://millionrounds.com/company/firmly)** Series A · $15M *With* [Samsung Next](https://millionrounds.com/fund/samsung-next)
- **5** Nov **[Return](https://millionrounds.com/company/return)** Debt · $936M *With* [Deutsche Bank](https://millionrounds.com/fund/deutsche-bank)
- **5** Nov **[Zipline](https://millionrounds.com/company/zipline)** Growth · $1.5B *With* [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures)
- **31** Oct **[OpenAI](https://millionrounds.com/company/openai)** Other · $20B *With* [SoftBank BB Corp](https://millionrounds.com/fund/softbank)
- **31** Oct **[OpenAI](https://millionrounds.com/company/openai)** Other · $11B *With* [SoftBank BB Corp](https://millionrounds.com/fund/softbank)

## Stages This Year

388 rounds

- Series A **20%**
- Venture **13%**
- Series B **13%**
- Seed **11%**
- Debt **10%**
- Other **32%**

## What They Backed

Sectors, last 12 months

- AI **195**
- Fintech **36**
- Big Data & Analytics **32**
- Cloud **21**
- Construction **20**
- Energy **18**

## Cheques by Quarter

Led Joined

117 Q1 25

97 Q2 25

139 Q3 25

124 Q4 25

133 Q1 26

117 Q2 26

79 Q3 26

29 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [VC firms backing AI 4,329](https://millionrounds.com/lists/vc-firms-ai)
- [VC firms backing Fintech 1,856](https://millionrounds.com/lists/vc-firms-fintech)
- [VC firms backing Big Data & Analytics 1,248](https://millionrounds.com/lists/vc-firms-big-data)
- [VC firms backing Biotech 1,207](https://millionrounds.com/lists/vc-firms-biotech)
- [VC firms backing Robotics 1,098](https://millionrounds.com/lists/vc-firms-robotics)
- [VC firms backing Construction 1,025](https://millionrounds.com/lists/vc-firms-construction)
- [VC firms backing Energy 998](https://millionrounds.com/lists/vc-firms-energy)
- [PE firms backing AI 956](https://millionrounds.com/lists/pe-firms-ai)
- [VC firms backing Cybersecurity 950](https://millionrounds.com/lists/vc-firms-cybersecurity)

[All investor lists *→*](https://millionrounds.com/lists)

## Reading for founders in media, entertainment and games

- Convergence Culture: Where Old and New Media Collide Henry Jenkins · 2006 3.86 from 3,860 ratings on Goodreads Media, entertainment and games About the book Convergence Culture maps a new territory: where old and new media intersect, where grassroots and corporate media collide, where the power of the media producer and the power of the consumer interact in unpredictable ways. Henry Jenkins, one of America's most respected media… On AmazonListen on Audible
- Ripped: How the Wired Generation Revolutionized Music Greg Kot · 2009 3.75 from 755 ratings on Goodreads Media, entertainment and games Company building About the book A decade ago the vast majority of mainstream music was funneled through a handful of media conglomerates. Now, more people are listening to more music from a greater variety of sources than at any time in history. And big corporations such as Viacom, Clear Channel, and Sony are… On AmazonListen on Audible
- The Chaos Machine: The Inside Story of How Social Media Rewired Our Minds and Our World Max Fisher · 2022 4.26 from 9,592 ratings on Goodreads Media, entertainment and games About the book From a New York Times investigative reporter and Pulitzer Prize finalist, “an essential book for our times” (Ezra Klein), tracking the high-stakes inside story of how Big Tech’s breakneck race to drive engagement, and profits, at all costs fractured the world We all have a… On AmazonListen on Audible
- The Creator's Code The Six Essential Skills of Extraordinary Entrepreneurs Amy Wilkinson · 2014 3.76 from 813 ratings on Goodreads Media, entertainment and games Company building About the book Each of us has the capacity to spot opportunities, invent products, and build businesses, even $100 million businesses. How do some people turn ideas into enterprises that endure? Why do some people succeed when so many others fail? The Creator’s Code unlocks the six essential… On AmazonListen on Audible

More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&industry=media).

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about corporate VCs backing Entertainment

### Who are the most active corporate VCs backing Entertainment?

By cheques observed, the most active are Intel Capital, Google Ventures, Salesforce Ventures, Samsung Next and Z Venture Capital.

### How many corporate VCs backing Entertainment are there?

28 are on record. 86% made an investment in the last 12 months and 46% have led a round.

### Which stages do corporate VCs backing Entertainment back?

Of the rounds with a named stage in the last 12 months, mostly Series A (25%) and Series B (17%).

### How big are the rounds corporate VCs backing Entertainment join?

The typical (median) round among the leading investors here is $26M.

### Which sectors do corporate VCs backing Entertainment back most?

In the last 12 months, mostly AI, Fintech and Big Data & Analytics.

### Which corporate VCs backing Entertainment lead the most rounds?

Google Ventures (33 led), SoftBank BB Corp (23 led) and Intel Capital (19 led).

### Where are corporate VCs backing Entertainment based?

Among the most active, most are based in the United States (12), Japan (3) and Germany (2).

### What have corporate VCs backing Entertainment invested in recently?

Recent rounds include Pure Data Centres Group (Debt, Nov 2026, with ABN AMRO Fund), firmly (Series A, Nov 2026, with Samsung Next) and Return (Debt, Nov 2026, with Deutsche Bank).

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)