Google Ventures will open a $100 million tech startup investment fund in London "to help support the next generation of European entrepreneurs," the company announced today in a blog post by Bill Maris, Google Ventures' managing partner.
"Our goal is simple: we want to invest in the best ideas from the best European entrepreneurs, and help them bring those ideas to life...We believe Europe's startup scene has enormous potential. We've seen compelling new companies emerge from places like London, Paris, Berlin, the Nordic region and beyond–SoundCloud, Spotify, Supercell and many others.
The announcement follows months of rumors pointing to Mountain View's interest in pursuing a London office.
This isn't the tech giant's first foray into Europe, having already established offices in 21 European countries, along with a Google Campus in London that acts as an incubator for startups looking for mentoring. The company also unveiled plans last month to open a similar space in Warsaw.