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Google to Invest Over Quarter of a Billion in Funding Startups

By - Source: Reuters | B 10 comments

Google joins the ranks of Intel's Intel Capital, which usually invests $300 to $500 million a year.

Google Ventures, the search engine giant's venture-capital division, is due to receive a further $100 million to invest in startups.

Google Ventures managing partner Bill Maris confirmed that the firm will now be allowed to invest up to $300 million a year into startups, representing a $100 million increase from the previous limit of $200 million per year. The increased cash "puts a lot more wood behind the arrow if we need it," he said.

The more established corporate venture funds such as Intel's Intel Capital usually invests up to $300 million to half a billion per year.

One of the reasons behind the cash investment increase for Google Ventures is that it's a fairly young division which was founded in 2009. Several companies it backed two or three years ago have approached the stages where they require larger cash infusions in order to grow.

Thus far, Google Ventures has invested in companies ranging from medicine to clean power firms to coupon companies.

 

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Top Comments
  • 10 Hide
    joytech22 , November 10, 2012 9:55 AM
    Meanwhile at Apple...
Other Comments
  • 6 Hide
    aftcomet , November 10, 2012 3:09 AM
    Skynet.
  • -5 Hide
    mayankleoboy1 , November 10, 2012 3:51 AM
    Apple
  • 10 Hide
    joytech22 , November 10, 2012 9:55 AM
    Meanwhile at Apple...
  • 0 Hide
    ledxizor , November 10, 2012 2:20 PM
    Kevin Rose must be happy, since he recently went to work for Google ventures.
  • 2 Hide
    mrdowntownkiller , November 10, 2012 4:35 PM
    i really like google they are always developing themselves
  • 3 Hide
    plekter , November 10, 2012 9:21 PM
    Good guy Google.
  • 0 Hide
    mosu , November 11, 2012 6:52 PM
    They should invest in AMD....
  • -5 Hide
    Zingam_Duo , November 12, 2012 3:00 AM
    plekterGood guy Google.


    Nothing with being good here. It's business. It's capitalism. ;)  It's about start up companies not about charity. ;) 
  • 0 Hide
    Northwestern , November 12, 2012 1:51 PM
    This is so that more companies will be urged into taking advantage of the fiber-optic internet around the Kansas City metro. Meaning future job opportunities for me and many more that will have graduated by the time it's online.

    Google gets support in the expansion of the future, Startups get funding and help, Graduates get more job opportunities and Kansas/Missouri gets a boost in economy. Everyone wins.
  • 0 Hide
    mrdowntownkiller , November 12, 2012 9:48 PM
    lol