That basically means Google Ventures 'Europe' never effectively made an investments outside of the UK. Launched a year and a half ago, Google Ventures Europe had an initial $100 million (later increased to $125 million) to deploy, and has made only six investments from the fund so far.ĭespite its name, Google Ventures Europe seems to have largely limited itself to investing in UK companies: 5 out of 6 investments were UK-based companies (Kobalt, Lost My Name, Yieldify, the Oxford Science Innovation Fund and Secret Escapes).Ī few months ago, Google Ventures backed Stockholm, Sweden-based VR gaming studio Resolution Games, but that investment was seemingly made from its US fund. Update 2: more on the how, why and what from the FT Aside from this, it's business as usual for the team in London-nothing else changes.' 'This gives us more flexibility and dollars to invest in the best founders and companies, regardless of where they are based, and reduces limitations of a specific fund size. 'Starting in January we’ll operate as a global fund, rather than running separate US and European funds.' Update: GV has confirmed this to us separately with the following statement: But what really caught our attention is that the latter report also reveals that Google Ventures - which will be renamed simply 'GV' this week - is apparently ditching its Europe-specific fund altogether. The FT reports that Google's venture capital arm is on a 'bumpy ride'. The Wall Street Journal reports that Google Ventures is dialling down seed deals.

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