Exclusive: Google Ventures beefs up fund size to $300 millio

Home Forums Exclusive: Google Ventures beefs up fund size to $300 millio

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    Anonymous

    Technology News

    File photo of Google Venture's Kevin Rose speaks during a question and answer session at the Tech Crunch Disrupt conference in San FranciscoSAN FRANCISCO (Reuters) – Google will increase the cash it allocates to its venture-capital arm to up to $300 million a year from $200 million, catapulting Google Ventures into the top echelon of corporate venture-capital funds. Access to that sizeable checkbook means Google Ventures will be able to invest in more later-stage financing rounds, which tend to be in the tens of millions of dollars or more per investor. It puts the firm on the same footing as more established corporate venture funds such as Intel's Intel Capital, which typically invests $300-$500 million a year. …


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