Octopus Ventures launches a $140m (£91m) fund aiming to provide growth capital to successful fast-growing later-stage companies across Europe, according to BM magazine.
The Octopus Opportunities fund will follow on investments into existing companies within the company’s portfolio, but will also examine new collaborations. The fund will be supporting talented entrepreneurs, from the stage of inception through to the later stages of development of their business ideas.
Based in London, Octopus Ventures has worked with exceptional businesses in the past, for example Zoopla Property Group, Secret Escapes, SwiftKey and graze.com.
Secret Escapes, who first worked with Octopus in 2011, is a members-only luxury travel site, which has recently received a $60m (£39m) fund.