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Bundl - 50 Corporate Ventures
Bundl - 50 Corporate Ventures
Corporate
Ventures
Launched in-house from scratch.
Over the past years, the acceleration towards digital
around the
models to improve the user experience.
disrupting from
traditional corporate processes tend to hinder the
speed and flexibility needed to capitalise on it.
the inside out. Leading enterprises from all over the world are turning
to corporate venturing as a tool to catalyse growth.
They’re leveraging their corporate assets and applying
successful startup methodologies to create lean & agile
businesses.
USA 39
Country with most corporates developed
represented with 25 ventures that live close to
corporate ventures. the parent’s core offering.
Key insights
50 Corporate Ventures
A growing number of Corporations are using the The creation of exclusive Digital assistance
corporates are experimenting “everyone-is-a-creator” communities is a new tool throughout the customer
with D2C, resulting in a loss trend to connect with new for corporations to deepen journey offers corporates
of market share for the customers. new customer relationships. new feedback loops.
“middleman”.
New technologies are being Existing corporate offerings are Technology and knowledge
used to explore the future of being simplified using new previously reserved for
various industries, even those channels with a focus on experts is being democratised
far outside the corporation’s personalisation. on a corporate scale.
core.
Corporate ventures per country
The 50 Corporate Ventures
#01
By
Founded Employees
2011 201-500
Key Takeaway
50 Corporate Startups
Sysco traditionally supply fresh ingredients to restaurants, so
this shift to servicing the front of house offers them an
opportunity to expand their relationship in a meaningful way
with existing customers. Website
Read blog
#02
By
Founded Employees
2008 501-1000
Key Takeaway
50 Corporate Startups
Daimler exploited the trend of the sharing economy and the
shift towards less ownership, whilst still remaining a provider of
mobility solutions.
Website
LinkedIn
Read blog
#03
By
Founded Employees
2018 201-500
Key Takeaway
DNB responded to the the growing threat of fintech startups
50 Corporate Startups
offering user-centric services. Vipps takes the threat head-on
with a secret weapon: their existing customer base, which
provided the perfect platform to scale.
Website
LinkedIn
Read blog
#04
By
Founded Employees
2017 11-50
Key Takeaway
New10 is a great example of how analysing the entire
50 Corporate Startups
customer journey across customer sets can reveal needs
which can be serviced with existing industry knowledge and
expertise.
Website
LinkedIn
Read blog
#05
By
Founded Employees
2020 50
Key Takeaway
50 Corporate Startups
Ecosystem thinking is providing large companies new
perspectives on their environment. Shopify found a way, with
Shop, to provide value to more than one player in the
ecosystem at the same time: retailers and consumers. Website
Read blog
#06
By
Founded Employees
2016 2-10
Key Takeaway
Beer is not part of Whirlpool’s core offering, yet Vessi was a
50 Corporate Startups
way to tap into a new market within the home sphere- which is
their core market.
Website
LinkedIn
Read blog
#07
By
Founded Employees
2019 2-10
Created under the slogan “Loyal to the way you move”, RYDES
is a travel engagement platform that enables users to gain
rewards while they move around the city. Users are rewarded
every time they travel by bus, intercity rail, e-scooter, taxi and
even when they ride a bike.
Key Takeaway
50 Corporate Startups
Lufthansa sought to extend their customer journey beyond the
airport and into the cities they connect. There was also no
need to invest in the physical vehicles as there were existing
companies providing those services - they simply connected Website
them.
Read blog
#08
By
Founded Employees
2018 2-10
Key Takeaway
Essent used the trend of digital loyalty programs as way to
50 Corporate Startups
enter a new consumer market. They’ve also pulled on their
existing relationships to form partnerships that give power to
their program and expand its reach.
Website
LinkedIn
Read blog
#09
By
Founded Employees
2019 1001-5000
Key Takeaway
Going D2C is a game-changer for Disney Media. They
50 Corporate Startups
repurposed their own, and old, products through a channel
that had proven its value through a competitor. All they needed
to do was place everything customers liked of theirs in one
place accessible at any time. Website
Read blog
#10
By
Founded Employees
2011 300
Key Takeaway
50 Corporate Startups
OCBC sought to reinvent how banking was perceived by a
growing and empowered youth market. It offered them the
opportunity to redesign and modernise financial products and
services without quaking their existing audience’s needs and Website
loyalty. LinkedIn
More Info
#11
By
Founded Employees
2012 51-200
Key Takeaway
GE used their existing knowledge and network as a leader in
50 Corporate Startups
healthtech (B2B) to create a cutting-edge service. Evidation
offers an opportunity to experiment and break legacy
structures around personal health data.
Website
LinkedIn
Read blog
#12
By
Founded Employees
2018 11-50
Key Takeaway
50 Corporate Startups
Multimodality is a growing behaviour of city-dwelling
consumers. D’leteren’s choice to create Skipr broadens their
foothold in mobility with a fluid end-to-end user experience.
Website
LinkedIn
#13
By
Founded Employees
2019 201-500
Key Takeaway
Peacock enables Comcast to repurpose older assets through
50 Corporate Startups
new revenue channels. Going D2C was a great way to reach
new audiences and gain valuable customer data about viewer
preferences to build upon their digital transformation.
Website
Read blog
#14
By
Founded Employees
2018 2-10
Key Takeaway
The rise of exclusive communities of creative curators offered
50 Corporate Startups
Torfs an innovative way to monetise this trend. They, in turn,
have created a system that can create new micro-stores in the
platform.
Website
LinkedIn
#15
By
Founded Employees
2020 75
Key Takeaway
PagoFX allows the Santander bank to offer its consumers the
50 Corporate Startups
best of two worlds: bank-level security and trust combined
with the price competitiveness, convenience and user
experience of a modern fintech solution.
Website
LinkedIn
#16
By
Founded Employees
2016 11-50
Key Takeaway
50 Corporate Startups
Welt partnered up with multiple governmental institutions to
boost the adoption and implementation of digital therapeutics
in Korea. They believe that success comes from strategising
like pharma companies, executing like tech companies, and Website
building a culture like gaming companies.
Read blog
#17
By
Founded Employees
2020 50-200
Key Takeaway
Pepsico noticed their customers couldn’t access their products
50 Corporate Startups
when the pandemic started and created a way to go directly to
them. The D2C model offered them a quick way to meet their
customers due to its low-resource structure.
Website
More Info
#18
By
Founded Employees
2020 10-50
Key Takeaway
50 Corporate Startups
Creative curator communities like the ones on Keen, provide
valuable data on the needs and preferences of different target
audiences, which Google can use across their product set.
Website
More Info
#19
By
Founded Employees
2017 11-50
Key Takeaway
The data created by the Drive app indirectly has an impact on
50 Corporate Startups
RBC's insurance payout costs in the long run. This now forms
another input for their assessment and predictive risk models.
Website
LinkedIn
#20
By
Founded Employees
2018 11-50
Key Takeaway
Bosch owns a plethora of patented technologies, that can be
50 Corporate Startups
used for applications that live outside their core. Leveraging
their existing networks and technical expertise they were able
to service a niche need, which now provides a platform to
expand into any other market. Website
More Info
#21
By
Key Takeaway
Citi’s existing connections with entrepreneurs, commercial
leaders, and real estate developers drives this startup’s
50 Corporate Startups
effectiveness to create investment opportunities. Citi is also
able to inspire their users to foster sustainable, inclusive
communities where everyone can thrive.
Website
More Info
#22
By
Founded Employees
2019 11-50
Key Takeaway
Besides creating a D2C channel for L'Oreal, color&co also
50 Corporate Startups
brings expert treatments to the consumer. Under the slogan
"We believe that everyone deserves professional hair colour
expertise & individual attention, even if they can't get to the
salon”, they’re democratising the secrets of hair colouring.
Website
More Info
#23
By
Founded Employees
2020 11-50
Key Takeaway
50 Corporate Startups
L'Oréal is leveraging advanced technology to create smart
beauty products and services that answer the needs of their
consumers. The product offers a high level of personalisation
and precision, making it appealing to a wide range of Website
customers.
More Info
#24
By
Founded Employees
2020 2-10
Key Takeaway
50 Corporate Startups
Backr breaks down the challenges related to starting a new
business. This creates an atmosphere of trust and partnership
between the user and the Commonwealth bank.
Website
More Info
#24
By
Founded Employees
2020 11-50
Key Takeaway
Home-in becomes a personal buying companion for those who
50 Corporate Startups
are trying to buy a house. Built around a digital platform and
Commonwealth bank’s financial expertise, Home-in brings
their users closer to their dream home.
Website
More Info
#25
By
Founded Employees
2018 11-50
Key Takeaway
50 Corporate Startups
With The Park, Telenet aims to occupy a solid market position
in one of the upcoming entertainment verticals, VR. The Park
has expanded to several locations in Belgium and the
Netherlands and is helping Telenet accelerate growth in a new Website
market.
Read case
Find out how we created
the future of
entertainment with The
Park Playground.
A venture by:
#26
By
Founded Employees
2017 11-50
Key Takeaway
Hatch’s technology started from creating a digital showroom to
solve the pains & constrains of their sales squad. Under the
50 Corporate Startups
protection of the parent company, Hatch was able to grow and
leverage the company’s internal sales divisions to perfect and
scale the product before spinning off and offering services
Website
externally.
Read blog
#27
By
Founded Employees
2015 11-50
Key Takeaway
Sony made a big transformation in recent years. They formed a
50 Corporate Startups
new business unit focused on fast-tracking new projects that
aren’t focused on their existing businesses. This allows Sony’s
employees to seek external crowd funding. MESH was one of
Website
the first to get necessary validation results to pursue the
project.
More Info
Read blog
#28
By
Founded Employees
2011 501-1000
Key Takeaway
50 Corporate Startups
Niantic was originally set up as an "autonomous business
unit". Once they were deemed ready, Google let them
accelerate their growth by becoming an independent company,
which helped them align closely with investors and partners in Website
the entertainment space.
Read blog
#29
By
Founded Employees
1962 10,000+
Key Takeaway
Target was originally created as a channel to target lower
50 Corporate Startups
income audiences through discount stores. Eventually
everyone started shopping there and they outgrew their parent
company.
Website
Read blog
#30
By
Founded Employees
2016 2-10
Key Takeaway
50 Corporate Startups
HumOn uses machine learning technology to launch Samsung
into the ‘Everyone-is-a-creator’ trend. Using HumOn, Samsung
hopes to build a tight brand community of creators using
Samsung devices to post their jingles on social media. Website
Read blog
#31
By
Founded Employees
2016 51-200
Key Takeaway
When it came to the growing craft beer market, Heineken
decided to facilitate the trend instead of fighting it. Beerwulf
50 Corporate Startups
became a D2C platform where home brewers can offer their
creation to the public using Heineken’s infrastructure and
reach. It also provides Heineken with insights about the
different preferences of their beer enthusiasts.
Website
Read blog
#32
By
Founded Employees
2017 11-50
Key Takeaway
GE Ventures launched Avitas Systems because they saw a
50 Corporate Startups
need for the inspection services industry to start offering
cutting-edge technologies. Drawing from their vast pools of
robotics, enterprise software, artificial intelligence, and
database technology, Avitas was able to grow strong as a GE Website
Venture.
LinkedIn
#33
By
Founded Employees
2013 51-200
Key Takeaway
Haven Life eliminates the hassles of shopping for insurance
50 Corporate Startups
and offers term life insurance policies online. Their strength
comes from its simple offering and easy-to-use platform. The
company was ranked #2 in U.S. News’ Best Life Insurance
companies of 2021. Website
Read blog
#34
By
Founded Employees
2016 500-1000
Key Takeaway
50 Corporate Startups
Adobe Spark simplifies Adobe’s creative tools by enabling
creators to access a platform where they can share their
content on their favourite applications. Adobe allows Spark to
combine elements of their tools on one platform. The result is Website
an easy-to-use, end-to-end tool for mobile creators.
Read blog
#35
By
Founded Employees
2018 1001-5000
Key Takeaway
Following food trends through social media platforms,
50 Corporate Startups
Kellogg’s saw value in targeting millennials. Joybol is trying to
take advantage of both the desk-fasting habit and the long-
term behaviour of busy, on-the-go consumers.
Website
More Info
#36
By
Founded Employees
2014 51-200
Key Takeaway
Tapping into Coca-Cola’s resources, Wonolo managed to gain
50 Corporate Startups
a firsthand experience of the struggles of their target market.
With those learnings, they built a very low-budget MVP and
reached out to Coca-Cola’s partners to pitch to key executives
Website
in operations, HR, and legal. This methodology has helped
them develop the product with feedback from real customers
and access a large pool of potential customers. Read blog
#37
By
Founded Employees
2017 11-50
Key Takeaway
Tulo has leveraged Mattress Firm’s assets to operate in a
50 Corporate Startups
leaner way, with a better customer experience tailored towards
a younger market. their existing market knowledge created the
perfect shortcut to compete with big players like Casper.
Website
Read blog
#38
By
Founded Employees
2015 11-50
Key Takeaway
50 Corporate Startups
After doing interviews with a lot of SME’s for a different idea, the
Rabobank Moonshot team came to the conclusion that there was
one big pain that entrepreneurs and freelancers had, bookkeeping.
Using Rabobank’s network of clients, they were able to test and Website
perfect their idea through close collaboration with their future
customers.
Read blog
#39
By
Founded Employees
2015 501-1000
Key Takeaway
50 Corporate Startups
GE Current reduces costs by simplifying energy and providing
improved efficiency. They bring together GE’s LED, Solar,
Energy Storage and Electric Vehicle businesses as a one-stop-
shop for early customers like Walgreens, JPMorgan Chase, Website
Hilton Worldwide and others.
Read blog
#40
By
Founded Employees
2017 11-50
Key Takeaway
50 Corporate Startups
Twine has become an example of how a healthy relationship
between startup and parent company can flourish. John
Hancock offers financial support and corporate resources while
Twine serves as a source for out-of-the-box thinking and new Website
technologies. Together they explore the new markets that
emerge in the fintech industry.
Read blog
#41
By
Founded Employees
2018 51-200
Key Takeaway
Through research and co-creation with customers, Verizon
50 Corporate Startups
created a straight-forward plan, no hidden fees, and no long-term
contracts through a D2C channel. Despite having created a
potential competitor, Visible helps Verizon more accurately meet
client demand with a direct, transparent experience. Website
Read blog
#42
By
Founded Employees
2018 11-50
Key Takeaway
Orgalux leverages Van Hoecke’s B2B assets and connections
50 Corporate Startups
to offer a B2C service that is focused around personalisation
and creating a unique customer experience. Through Orgalux,
Van Hoecke was able to open up new markets and go straight
to the end consumer.
Website
More Info
#43
By
Founded Employees
2017 11-50
Key Takeaway
Capital One enhanced its current offering through the security
50 Corporate Startups
capabilities of Eno. It was important to build Eno in-house on a
platform that deeply understands financial services terms and
the needs of their customers. This enabled Eno to deliver the
best possible experience.
Website
More Info
#44
By
Founded Employees
2009 xyz
Key Takeaway
Coming from internal innovations within FedEx, SenseAware
50 Corporate Startups
had the opportunity to improve and test within the enormous
supply chain of their parent company. They also benefited from
being able to tap into the large network that the FedEx brand
has and expand into other industries. Website
More Info
#45
By
Founded Employees
2013 51-200
Key Takeaway
After revolutionising the laundry detergent market with the
50 Corporate Startups
launch of Tide Pods in 2012, P&G continued to innovate
through the Tide brand. Through Tide Cleaners, P&G learned
more about how their consumers do their laundry, and
Website
capitalised on the accelerating lifestyle of the younger
generations.
LinkedIn
#46
By
Founded Employees
2020 1-10
Key Takeaway
Heata began as an innovation project within British Gas. They
50 Corporate Startups
asked themselves: “How can we help people living in fuel
poverty?” Leveraging the British Gas network and engineering
expertise, they are now in the process of testing the initial
network and are preparing to launch their product in 2022. Website
LinkedIn
#47
By
Founded Employees
2020 25-50
Key Takeaway
If your customers can’t get to your products due to unforeseen
50 Corporate Startups
circumstances, find ways to get your products to the customer.
Heinz to Home offers consumers another way to purchase the
products they love, delivered right to their door.
Website
More Info
#48
By
Founded Employees
2020 17
Key Takeaway
Serial 1 Cycle Company spun out of Harley-Davidson as an
50 Corporate Startups
independent e-bike brand, but it still benefits from a
partnership with the long-running motorcycle maker. Through
Harley Davidson, they get access to resources and
manufacturing know-how from a larger and more established Website
company.
More Info
#50
By
Founded Employees
2020 30
Key Takeaway
50 Corporate Startups
Dealwise is a great example of how lean validation can create
new opportunities. The ING Bazar platform in Romania,
enabled the DealWise team to validate the shopping deals on
Website
offer with a target audience group.
More Info
Get an in-depth
examination of how
5 Corporate Ventures
reached success.
DOWNLOAD FREE REPORT
Wrap-Up
The ventures listed here have helped their parent
companies enter and scale into new markets in
search of growth.
new organic powerful reason: they all have existing assets that
can be leveraged in new ways with the startup
growth. methodology.
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