Google launches new venture fund for European start-ups

Google is launching a venture capital fund to invest in promising European technology companies. The $100m (£58m) fund will ‘invest in the best ideas from the best European entrepreneurs’, according to Bill Maris, managing partner at Google Ventures, overseeing the project. "’We believe Europe's start-up scene has enormous potential.’ The new operation will be based near London's Silicon Roundabout start-up district. But Google is open to further geographic expansion in the future. ‘We've seen compelling new companies emerge from places like London, Paris, Berlin, the Nordic region and beyond - SoundCloud, Spotify, Supercell and many others,’ Maris writes in a blog to announce the new fund, according to BBC.