Google Ventures Crosses the Atlantic


With billions of dollars located overseas, Google has decided that the time to invest in European startups has arrived. On July 9, Google announced through their official blog they will be opening a new branch of their startup investment firm Google Ventures in Europe.

The new arm of Google Ventures will start out with an initial fund of $100 million. Google will also be partnering with four investors. These angel investors will be Peter Read, Avid Larizadeh, Eze Vidra, and Tom Hulme. It was originally reported that a fifth partner would be joining Google Ventures in Europe, MG Siegler, however Google has clarified that Siegler will only be joining them temporarily to serve as a liaison between U.S. and European operations.

Unlike many venture firms, Google Ventures takes a much more involved stance when investing.  Companies invested in by Google Ventures reportedly receive an abundance of support from the tech giant. Startups will have engineering support, design expertise, and assistance in recruiting, marketing, and project management from Google. If there is one company with expertise that a startup could appreciate, Google may be one of the best.

Since 2009, Google Ventures has invested in over 250 companies from across different industries. These companies include Cloudera, Hubspot, TuneIn, Fitstar, and SynapDx. While many amazing startups have found their home in the United States, there are many new entrepreneurs located in Europe that could use the help of a company like Google to help them get their innovative projects off the ground.

Google's Vice President of corporate development, David Drummond, is excited for the many startups that can be found in Europe, stating “As we look out around the world, we realize that the tech ecosystems are getting bigger and stronger. Nowhere is this more true than in Europe. Every European capital I travel to I see these startup clusters. It’s obvious that great companies will come out of these ecosystems.”

Edited by Maurice Nagle

TechZone360 Contributing Writer

Related Articles

Coding and Invention Made Fun

By: Special Guest    10/12/2018

SAM is a series of kits that integrates hardware and software with the Internet. Combining wireless building blocks composed of sensors and actors con…

Read More

Facebook Marketplace Now Leverages AI

By: Paula Bernier    10/3/2018

Artificial intelligence is changing the way businesses interact with customers. Facebook's announcement this week is just another example of how this …

Read More

Oct. 17 Webinar to Address Apache Spark Benefits, Tools

By: Paula Bernier    10/2/2018

In the upcoming webinar "Apache Spark: The New Enterprise Backbone for ETL, Batch and Real-time Streaming," industry experts will offer details on clo…

Read More

It's Black and White: Cybercriminals Are Spending 10x More Than Enterprises to Control, Disrupt and Steal

By: Cynthia S. Artin    9/26/2018

In a stunning new report by Carbon Black, "Hacking, Escalating Attacks and The Role of Threat Hunting" the company revealed that 92% of UK companies s…

Read More

6 Challenges of 5G, and the 9 Pillars of Assurance Strategy

By: Special Guest    9/17/2018

To make 5G possible, everything will change. The 5G network will involve new antennas and chipsets, new architectures, new KPIs, new vendors, cloud di…

Read More