Venturing with Google
Google Ventures, which provides seed, venture and growth-stage funding to start-ups, has now invested in 282 companies and has $1.6 billion under management. Just over one -third of 2014 investment money went to life sciences and health, while mobile, along with enterprise and data, got one quarter of the total. There were 16 exits last year, via acquisition or IPO, among them Hubspot, which raised $125 million in its flotation, photo outfit Loom, which was snapped up by Dropbox, and geo-location firm Mitro, which was acquired by Twitter.
Does Google Venture’s link to its giant parent mean anything start-ups? You bet. “Our relationship with Google means unique access for our portfolio companies to some of the world’s best engineers, scientists, and technology,” says GV. “We help our companies interface with Google.”