European entrepreneurs have a reason to celebrate this weekend as Google is bringing its bank account across the pond. Google Ventures announced today that they’re launching a new venture fund to invest $100 million in Europe’s most disruptive startups.
“We believe Europe’s startup scene has enormous potential. We’ve seen compelling new companies emerge from places like London, Paris, Berline, the Nordic region and beyond – Soundcloud, Spotify, Supercell and many others. –Bill Maris, Managing Partner, Google Ventures
The technology giant launched Google Ventures in 2009 and has since invested in 250 startups across various industries including the health sector and renewable energy. They pride themselves on being more than just a source of capital, but also providing “engineering support, design expertise, and guidance with recruiting, marketing, and product management.”
Google Venture’s portfolio reads like an all-star team roster including Nest, Uber, RetailMeNot, HomeAway, Cloudera, DocuSign, HubSpot, Optimizely, AngelList, Apptentive, Clever, Nimble, ZenPayroll, and dozens more.