Home / Tech News / London’s Octopus Ventures raises $280 million to expand its seed and early stage investing

London’s Octopus Ventures raises $280 million to expand its seed and early stage investing

Octopus Ventures introduced that it has raised an extra $280 million, bringing its overall property as much as $1.2 billion because it continues to pursue world growth of its early level funding technique.

Based simply over a decade in the past, Octopus has subsidized 89 startups via 199 investment rounds. That incorporates 16 new corporations over the last 12 months. From its base in London, the company has opened branches in New York, Shanghai and Singapore.

“We’ve at all times believed that essentially the most gifted and bold marketers make a selection their backers and now not the opposite direction round,” mentioned Alliott Cole, CEO of Octopus Ventures, in a observation. “The United Kingdom’s entrepreneurial community has advanced unexpectedly over the last 11 years and the sources now we have at our disposal will higher equip us to improve the tech disruptors of the longer term. The pipeline of prime doable, speedy expansion companies hasn’t ever been so sturdy, and we’re serious about the seed and early level ventures we will be able to assist scale.”

The corporate’s extra notable investments come with Giant Well being, Virtual Shadows, Eve, Graze, Magic Pony, Swiftkey, Secret Escapes, and Zoopla. The VC company has 10 exits amongst its portfolio corporations, together with acquisitions to Microsoft, Amazon, and Google.

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