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    Case Study

    Nine Realms: Independent vs. corporate venture capital

    By Salvatore Cantale, Janet Shaner, Matthew Simmons and Sune Stilling
    18 pages
    March 2023
    Order this case study
    Reference: IMD-7-2407

    This case is designed to discuss the tradeoffs between independent venture capital (IVC) and corporate venture capital (CVC). Students also have the opportunity to analyze two startup investment opportunities based on Nine Realms’ criteria. The case concludes with a discussion about a strategic choice faced by Nine Realms: should it continue as an IVC, list on the stock market or shift to a CVC? This allows students to debate the tradeoffs between the two approaches for the individuals involved.

    Learning Objective
    • Describe the pros and cons of IVCs and CVCs for corporates, individuals and startups
    • Analyze two startup cases in based on the Nine Realms investment criteria and make an investment recommendation
    • Assess the way forward for Nine Realms
    Keywords
    Business to Business, Entrepreneurship, Finance, Strategy, Corporate Venture Capital, Supply Chain
    Settings
    Europe, Denmark
    Nine Realms, Finance and Insurance, Venture Capital, Logistics and Supply Chain
    2021-2022
    Type
    Field Research
    Copyright
    © 2023
    Available Languages
    English
    Related material
    Teaching note
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