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Google to Invest Over Quarter of a Billion in Funding Startups

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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  • aftcomet
    Skynet.
    Reply
  • mayankleoboy1
    Apple
    Reply
  • joytech22
    Meanwhile at Apple...
    Reply
  • ledxizor
    Kevin Rose must be happy, since he recently went to work for Google ventures.
    Reply
  • mrdowntownkiller
    i really like google they are always developing themselves
    Reply
  • plekter
    Good guy Google.
    Reply
  • mosu
    They should invest in AMD....
    Reply
  • Zingam_Duo
    plekterGood guy Google.
    Nothing with being good here. It's business. It's capitalism. ;) It's about start up companies not about charity. ;)
    Reply
  • Northwestern
    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.
    Reply
  • mrdowntownkiller
    lol
    Reply