Octopus Ventures, a leading European venture capital firm supported by Seven Hills, this week launched a new £83 million fund to back the most promising companies from across its portfolio.
The new fund enhances the team’s ability to back pioneering entrepreneurs, providing additional growth capital that will allow them to reach new heights.
This latest development takes Octopus Ventures’ funds under management to over £1billion, allowing then to invest between £250,000 and £20 million in start-ups with the potential to disrupt their industries and change the world.
Alliott Cole, CEO of Octopus Ventures, commented: “Today’s announcement means that we’re part of a small group of investors with the resources to support start-ups from inception all the way to international scale-up.
“Over the years, we’ve been lucky enough to work with some of the Europe’s most talented entrepreneurs – the people behind world-class businesses such as Zoopla and Secret Escapes, Big Health and Bought By Many. We back people we believe in, namely the pioneering entrepreneurs who are changing the world by disrupting industries. This is all about helping them grow their businesses faster and more effectively.
“We have always looked for new ways to support our founders and this latest fundraise will do just that – providing Octopus Ventures with the additional means to support the ambition and vision of the people that will change the world.”
The latest fund coincides with a new strategy to focus on three key areas: the Future of Money, Future of Health, and Future of Industry.