Octopus Ventures, a London-based venture capital investor, has raised an additional £100m to invest in early stage tech companies across Europe.
The additional raise, which brings the firm’s early stage funds to in excess of £400m, comes six months after the launch of Octopus Zenith Opportunities II LP, a $140m fund dedicated to investing in fast-growing later stage European companies.
Alex Macpherson, head of Octopus Ventures, commented: “We have been fortunate to back some outstanding entrepreneurs over the years, many of whom come back to us time and again with new ventures, 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, we want to be there supporting them from the beginning of their business journey to the later stages of growth.
Octopus Ventures has worked with a range of companies including Zoopla, Property Partner and UniPlaces and has expanded its portfolio to more than 50 investments.