City Town InfoBy Heidi M. Agustin. On Wednesday, Google officially announced the launch of its new growth equity fund, Google Capital, by making its first investment in education.
As announced in a Google blog post, the new investment arm is backed by Google and led by partners David Lawee, Scott Tierney and Gene Frantz. While it is somewhat similar to Google Ventures in that both aim to invest in the most promising startups, Google Capital differentiates itself in two significant ways: instead of focusing on early-stage investments as Google Venture does, Google Capital will provide late-stage capital for startups that have hit their growth phase. It will also provide more than just a monetary investment. According to the blog post, Google Capital's portfolio of companies may have access to the company's workers. See more...