Google VC arm for London
July 10, 2014
Google is creating a European arm to its venture capital vehicle, Google Ventures, which has previously focused its investments on Silicon Valley.
The $100 milliom fund dedicated to fledgling European businesses stems from Google’s belief that the region will become home to some of the world’s biggest technology companies.
“As we look out around the world, we realise that the tech ecosystems are getting bigger and stronger,” said David Drummond, Google’s senior vice-president of corporate development.
“Nowhere is this more true than in Europe. Every European capital I travel to I see these start-up clusters. It’s obvious that great companies will come out of these ecosystems.”
Other posts by :
- Impressive Starlink deployment rate
- Bank: Space industry worth $1tn by 2040
- Xona Space wants 259 LEO satellites
- 36 major airlines now committed to Starlink
- Quilty: Top 5 Washington Satellite show takeaways
- Space Wars: Starlink vs Amazon Leo
- Eutelsat seeks ISRO deal for launches
- Virgin Galactic sets prices for space tourists
- Devas vs Antrix rumbles on