- Octopus to invest £75 million (USD $100m) into early stage European entrepreneurs over next year
- Latest fundraise comes just six months after launch of £90 million (USD $140m) Octopus Opportunities Fund
- Octopus early stage funds now in excess of £400 million (USD $564m)
- Octopus can invest through life time of business from seed to the later stages of growth
Octopus Ventures, a leading London-based venture capital investor and part of the Octopus group, has raised an additional £100 million to invest into early stage European entrepreneurs bringing their early stage funds to in excess of £400 million. Octopus now invests more than £75 million each year, making it one of the most active early stage venture capital investors in Europe.
This additional fundraise comes six months after the launch of the $140m Octopus Zenith Opportunities II LP (“Octopus Opportunities Fund”) aimed at providing growth capital to successful, fast-growing, later-stage companies across Europe.
These latest fundraises highlight Octopus’ ability to invest all the way through the life cycle of a business from the very earliest stage of formation to the company’s later stages of growth. Octopus looks to build long term partnerships with the entrepreneurs it backs.
Over the last eight years, Octopus Ventures has built a successful track record of backing unusually talented entrepreneurs from the earliest stages of a company’s development. The team has worked with a diverse range of successful companies, including Zoopla Property Group, Secret Escapes, graze.com, Property Partner, SwiftKey, Sofar Sounds, UniPlaces, and tails.com. Over the last year it has invested in 11 new businesses expanding the portfolio to more than 50 investments.
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.”
Today’s announcement comes just weeks after the sale of SwiftKey to Microsoft and Vision Direct to Essilor, marking a successful Q1 2016 for Octopus Ventures.