Google expands reach with new investment arm
SAN FRANCISCO (AFP) - Google on Wednesday unveiled a new investment arm to put the technology titan's touch on startups hitting stride, in a further expansion from Internet search.
Google Capital fund launched with a slightly different focus than five-year-old Google Ventures, which backs early-cycle firms.
The new investment team is out to fund startups that have established solid foundations and are poised for rapid growth, according to an online post by Google Capital partner David Lawee.
"We'll look across a range of industries for companies with new technologies and proven track records in their fields," Mr Lawee said.