Google To Invest $100 Million To European StartUps
Google Ventures, Google's venture capital unit, has added a European branch with a $100 million initial investment. The new fund will be based in London.
"We?ve seen compelling new companies emerge from places like London, Paris, Berlin, the Nordic region and beyond -- SoundCloud, Spotify, Supercell and many others," Bill Maris, managing partner of Google Ventures, said in a blog post.
Google provides funds to the ventures arm, which makes strategic investments in startups. The company bought Nest, a home-automation service provider and one of its fundees, this year for $3.2 billion.
Last month, the company revealed plans to open a similar space in Warsaw. In January, Google bought DeepMind Technologies Ltd., a London-based artificial intelligence developer.