“Google has started a $100 million fund in Europe to invest in tech startups, the seed of what could be large-scale funding for overseas entrepreneurs. The search giant described the fund, which is managed by its venture capital unit Google Ventures, as ‘initial funding’ to guide and support entrepreneurs with great ideas. The fund will be managed out of a new office in London. The fund positions Google to influence the newest technology emerging from Europe, discover raw entrepreneurial talent in the region and acquire more overseas startups. It is also a nod to the rising influence of European cities including London, Amsterdam, Stockholm and Dublin on the tech industry.”
http://www.siliconbeat.com/2014/07/10/google-announces-100m-fund-for-european-startups/
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