Google Ventures opens London bases to support European entrepreneurs
Google Ventures has launched a new London base armed with a kitty of $100m to support “the best ideas from the best European entrepreneurs”.
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Google Ventures is the venture capital investment arm of Google Inc
The start-up company is keen to invest in and support the best European entrepreneurs bring their ideas to life.
Ventures believes that entrepreneurs need more than capital to succeed so they provide engineering support, design expertise, and guidance with recruiting, marketing and product management too.
After half a decade, the firm work with over 250 portfolio companies across a host of industries. They work with teams like Flatiron Health who are improving the way doctors and patients approach cancer care.
Additionally, SynapDx is developing a blood test for the early detection of autism in children, and Clean Power Finance is making solar energy affordable for homeowners.
Bill Maris, managing partner of Google Ventures, said in a Google blog post: “We believe Europe’s start up scene has enormous potential.
“We’ve seen compelling new companies emerge from places like London, Paris, Berlin, the Nordic region and beyond – SoundCloud, Spotify, Supercell and many others.
He added: “We can’t predict the kinds of inventions the science museum might showcase 10 years from now, but we do know European start-ups will be essential to this future, and we can’t wait to see what they create.”
Google Ventures was launched in 2009.