Google Ventures reportedly gets $100 million funding boost
Google Ventures, the search giant’s venture-capital arm, is getting more cash to play with.
Google Ventures will now be allowed to invest up to $300 million a year into startups, up from the previous limit of $200 million per year. The boost was reported to Reuters by Google Ventures managing partner Bill Maris, who told the news outlet that the increased cash “puts a lot more wood behind the arrow if we need it.”
Google Ventures kicked off in 2009 as a way for the search giant to identify early-stage companies and give them cash to help them grow. The investments help Google look like a…
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