Verizon Ventures

Verizon Ventures is the corporate venture capital arm of Verizon Communications, established in 2000 to foster external innovation that complements Verizon's core business. Based in New York, with Verizon headquartered in Basking Ridge, New Jersey, it invests in early- and growth-stage companies developing disruptive technologies in cloud computing, artificial intelligence, 5G and the Internet of Things, as well as enterprise infrastructure, deep tech, digital health and media and entertainment, areas spanning Verizon's consumer, business, network and media units. Its strategy targets startups roughly three to five years from broad implementation, providing them not only capital but engineering knowledge, market insights and direct access to Verizon's customer channels to accelerate development and market adoption, and it is willing to lead. Typical check sizes range from about $2M to $20M, and the firm primarily participates in Series A and later, Series B-plus, rounds; over its history it has made on the order of 150 to 180 investments. Recent deals before a strategic wind-down included leading CoreTigo's $13M Series B in industrial wireless for manufacturing alongside Cardumen Ventures, and a Series B investment in data-management company TileDB in September 2023. As of around August 2025, reports indicate Verizon Ventures halted new investment activity and saw the departure of its lead executives, marking a pause in its corporate venturing program. Over more than two decades, Verizon Ventures backed disruptive connectivity, cloud, AI and IoT companies, pairing capital with the engineering expertise and customer channels of one of the largest US telecom operators.