Google Ventures, the venture capital arm of Google, is aiming to bankroll entrepreneurship across Europe with a sizeable investment fund based in London.
The $100m (£58m) fund will invest in European technology companies, with the aim of helping develop firms across the continent. It’s the second company in a month to launch a fund of this size, joining Santander UK – which will invest in financial technology startups.
Gordon Innes, CEO of London & Partners, told Wired.co.uk: “We very much welcome the launch of this fund, which is excellent news for Europe’s tech companies and for London as a whole. Having the Google Ventures fund based in London further enhances our reputation as a city in which European tech companies can find the investment they need to grow their businesses from our growing portfolio of active venture capital firms.“
More details: www.wired.co.uk