Google Ventures is a new venture capital firm that seeks to invest in start-ups and growing companies in the Internet, software, hardware, clean-tech, bio-tech and health care industries. The fund will invest at the seed to mezzanine stage.Official Website: Google Ventures
Although Google has invested in a number of companies in the past, Ventures has dedicated $100 million to invest in the next 12 months with the purpose of turning a profit for its search giant parent company.The New York Times: Google to Announce Venture Fund (March 31, 2009)
References
Fast Facts
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Fact:
Expects to invest $100 in the next 12 months
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Overseer
David Drummond, senior vice president of corporate developing and chief legal officer at Google
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William Maris and Rich Miner will vet the investments
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Miner is the co-founder of Android, which was sold to Google in '05The New York Times: Google to Announce Venture Fund (March 31, 2009)
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Offices in Mountain View, CA, and Cambridge, MA
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Mountain View phone number
1-650-253-0000
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Cambridge phone number
1-617-575-1300
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E-mail
ventures@google.com
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Launched on March 31, 2009
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Google shares rose $5.37 on the March 31
