Google Creates Venture Capital Fund In London To Back European Startups

Google is starting a venture capital arm in Europe, hoping to find the next Skype or Spotify early. When it comes to entrepreneurs and tech innovation, Google believes Europe may be the next frontier. The tech giant will open a $100 million startup fund in London. Google Ventures Managing Partner Bill Maris blogged, “We believe Europe’s startup 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.” Google Ventures was founded in 2009 and currently invests $300 million in startups each year. Google has offices in 21 European countries. It built a campus in London, where startups can go for mentoring and share the office space, and it plans to build another one just like it in Warsaw.