Google startup investment arm reaches to Europe

Jul 10, 2014
Google is launching a fund devoted to nurturing promising tech startups in Europe.

Google is launching a fund devoted to nurturing promising tech startups in Europe.

The Silicon Valley-based Internet titan said Thursday that it is setting up a Google Ventures office with a mission of backing European entrepreneurs and putting $100 million into its account as a start.

"Our goal is simple: we want to invest in the best ideas from the best European entrepreneurs, and help them bring those ideas to life," Google Ventures managing partner Bill Maris said in a blog post.

"We believe Europe's scene has enormous potential."

Google Ventures launched five years ago in the United States and blends cash backing with access to the tech titan's talents when it comes to engineering, design, marketing and other aspects of building winning companies.

It has a portfolio of more than 250 startups in areas including health care and solar energy.

"We've seen compelling new companies emerge from places like London, Paris, Berlin, the Nordic region and beyond," Maris said of the decision to extend Google's venture capital arm to Europe.

Explore further: Google helps open new home for startups in Berlin

Related Stories

Google helps open new home for startups in Berlin

Jun 11, 2014

Internet entrepreneurs have received a new home in the German capital with the opening of the "Factory"—a workspace developed in partnership with Google Inc. that allows startups to innovate and collaborate under one roof.

Recommended for you

Domino's taking orders via tweet

May 22, 2015

Domino's on Wednesday launched perhaps the easiest way to satisfy a pizza craving this side of mind reading: order by tweet.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.