Google’s Fund for Growth-Stage Companies, Google Capital, Launches Today

February 19, 2014

12:16 pm

This morning, Google officially launched Google Capital, its growth equity investment fund aimed at making later-stage investments in tech companies. The launch comes nearly after a year since the fund was first announced last May.

Google Capital is backed by Google itself (obviously) and led by partners David Lawee, Scott Tierney, and Gene Frantz. Unlike the company’s Google Ventures fund, Google Capital is aimed solely at investing in companies about to hit their growth-stage. “That means finding companies that have already built a solid foundation and are really ready to expand their business in big ways,” said the partners in this morning’s blog post. “We’ll look across a range of industries for companies with new technologies and proven track records in their fields.”

Since 2009, Google has ran Google Ventures to provide funding mostly towards seed- and venture-stage startups. GV’s current portfolio includes the likes of Uber and RetailMeNot. Most recently, Google acquired Google Ventures portfolio company Nest for $3.2 billion last month. While Google Capital officially launched today, the equity fund has actually already made investments in SurveyMonkeyLending Club, and Renaissance Learning.

Read the full blog post on Google Capital’s launch.

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Ronald Barba was the previous managing editor of Tech.Co. His primary story interests include industry trends, consumer-facing apps/products, the startup lifestyle, business ethics, diversity in tech, and what-is-this-bullsh*t things. Aside from writing about startups and entrepreneurship, Ronald is interested in 'Doctor Who', Murakami, 'The Mindy Project', and fried chicken. He is currently based in New York because he mistakenly studied philosophy in college and is now a "writer". Tweet @RonaldPBarba.

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