News: Firm aims to make later stage investments into European businesses.
Octopus Ventures is planning to support its portfolio of companies with the introduction of a new multi-million pound fund.
Using a £92 million fund called Octopus Opportunities, the London based venture capital firm will invest anywhere between £250,000 to £25 million in start-ups to aid development.
The firm will also start to make later stage investments in successful European businesses.
Octopus has previously focused on investing in the early stages of start-ups, which has seen it back the likes of Zoopla and YPlan, as well as fintech companies such as Currency Fair and Elliptic, which focuses on bitcoin analytics and storage.
Investment from the fund has already begun, with teaming up with Google Ventures to lead a £39.4 million Series C round in Secret Escapes, a British travel deals website.