MOUNTAIN VIEW, Calif. — Google has started a $100 million fund to invest in European startups, the beginning of what could become big-money investments for overseas entrepreneurs and lead to yet more acquisitions for the Internet search giant.
The fund will be managed by Google Ventures, the company’s venture capital arm. In a blog post, Bill Maris, managing partner at Google Ventures, wrote: “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.”
Maris described the fund, which will be managed in a new office in London, as “initial funding” to “invest in the best ideas from the best European entrepreneurs.”
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