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 expands reach with new investment arm

add to favorites email to friend print save as pdf

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

Verizon 2Q profit rises 93 percent

4 hours ago

Verizon reported Tuesday that its second-quarter earnings nearly doubled after it secured full ownership of Verizon Wireless.

Comcast 2Q earnings top views on Internet hookups

4 hours ago

Comcast Corp.'s second-quarter net income rose 15 percent to nearly $2 billion as it added high-speed Internet customers at a faster pace than a year ago and video subscriber losses moderated.

Ex-Qualcomm exec pleads guilty to insider trading

19 hours ago

A former high-ranking executive of US computer chip giant Qualcomm pleaded guilty Monday to insider trading charges, including trades on a 2011 deal for Atheros Communications, officials said.

Media venture creates press litigation fund

19 hours ago

The media venture created by entrepreneur Pierre Omidyar said Monday it was establishing a fund to help defend journalists in cases involving freedom of the press.

User comments : 0