London-based Octopus Ventures has announced a further £100m raise, which will be used to invest in young, fast-growth European tech SMEs.
The additional funds top up an already sizeable pot, that now stands in excess of £400m.
“We have been fortunate”, says Alex Macpherson, head of Octopus Ventures, “to back some outstanding entrepreneurs over the years, many of who whom come back to us time and again with new venture, or who go on to introduce us to other exciting companies”.
“Adding a further £100 million to our early stage funds indicates the opportunity and belief we have in the developing European entrepreneurial ecosystem, and provides Octopus with the funds to continue to support these exceptional entrepreneurs. At Octopus”, Macpherson concluded, “we want to be there supporting them from the beginning of their business journey to the later stages of growth”.
Octopus Ventures-backed SMEs in 2016 include: Origami Energy, Elliptic, and Property Partner.