February 19, 2014
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 SurveyMonkey, Lending Club, and Renaissance Learning.
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