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Thursday, July 10, 2014
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.

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