Google Launches $100 Million Fund to Invest in European Startups

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Image: Jens Meyer/Associated Press

By Seth Fiegerman2014-07-10 13:28:19 UTC

Google's venture capital arm is turning its attention to Europe.

Google announced on Thursday that Google Ventures will launch a $100 million fund to invest in European startups. The operation will be based out of London.

See also: Are These the Next Hot European Startups?

"We believe Europe’s startup scene has enormous potential," Bill Maris, a managing partner at Google Ventures, said in a statement. "We’ve seen compelling new companies emerge from places like London, Paris, Berlin, the Nordic region and beyond — SoundCloud, Spotify, Supercell and many others."

Google Ventures started in 2009 to provide funding as well as technical support and mentorship to a range of startups. The organization has made some significant investments in some of today's most high-profile tech companies, including Uber, Nextdoor and Nest, the last of which Google acquired for $3.2 billion in cash earlier this year.

Google also launched a separate equity investment fund in February called Google Capital, which is aimed at growth-stage companies.

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Topics: Business, Google Ventures, Startups