We’ve seen compelling new companies emerge from places like London, Paris, Berlin, the Nordic region and beyond-SoundCloud, Spotify, Supercell and many others. We believe Europe’s startup scene has enormous potential. For example, the team at Flatiron Health is improving the way doctors and patients approach cancer care, SynapDx is developing a blood test for the early detection of Autism in children, and Clean Power Finance is making solar energy affordable for homeowners. Five years later, we’re working with more than 250 portfolio companies, tackling challenges across a host of industries. Startups need more than just capital to succeed: they also benefit from engineering support, design expertise, and guidance with recruiting, marketing and product management. When we launched Google Ventures in 2009, we set out to be a very different type of venture fund.
Our goal is simple: we want to invest in the best ideas from the best European entrepreneurs, and help them bring those ideas to life. To help support the next generation of European entrepreneurs, today Google Ventures is launching a new venture fund, with initial funding of $100 million.
These marvels from the past still influence our lives today, and are tangible examples of how fearless exploration and entrepreneurship can literally change the world. Like Puffing Billy, one of the world’s first steam locomotives or Charles Babbage’s difference engine, a Victorian predecessor to the modern computer or penicillin, the wonder drug that revolutionized the treatment of disease. Wander through the excellent Science Museum in London, and you’ll see inventions that transformed history.
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