Computer Business Review

Google wants to give European startups $100m

by Ben Sullivan| 10 July 2014

Google Ventures sees 'enormous potential' in Europe.

Google Ventures will be launching a new venture fund in Europe, with an initial funding of $100 million.

The money will be used to "invest in the best ideas from the best European entrepreneurs, and help them bring those ideas to life".

Google said: "We believe Europe's startup scene has enormous potential. We've seen compelling new companies emerge from places like London, Paris, Berlin, the Nordic region and beyond -- SoundCloud, Spotify, Supercell and many others."

Google Ventures was launched in 2009, and is the venture capital investment arm of Google. It has previously invested in a variety of fields such as software, hardware, biotech and healthcare.

The five partners in the new Google Ventures office will include Eze Vidra, who heads up Google's London campus, and IDEO design director Tom Hulme, according to the FInancial Times.

"When we launched Google Ventures in 2009, we set out to be a very different type of venture fund. Startups need more than just capital to succeed: they also benefit from engineering support, design expertise, and guidance with recruiting, marketing and product management. Five years later, we're working with more than 250 portfolio companies, tackling challenges across a host of industries."

Post a comment

Comments may be moderated for spam, obscenities or defamation.

Join our network

792 people like this.
2214 people follow this.


Suppliers Directory

See more
Privcy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.