PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

Octopus Ventures marks 10th anniversary

European venture capital house Octopus Ventures is celebrating its tenth anniversary this month. Founded in 2007 with an initial fund of just GBP30 million, investing GBP10 million a year, Octopus Ventures now manages in excess of GBP660 million and invests GBP100 million per year.

Octopus Ventures invests across a range of sectors and specifically looks to back unusually talented entrepreneurs intent on building large, often global businesses. It now invests in businesses at differing phases of their lifecycle, from startups at the earliest stages of their formation through to companies in the later stages of growth and maturity.  
 
With over half of its portfolio of companies active in the US, and several trading in the Far East and Asia, Octopus Ventures is behind some of the most ambitious and disruptive startups coming out of the Europe in the past decade. Recent successes include the UK property portal Zoopla Property Group (now listed on the London Stock Exchange), the artificial intelligence and machine learning businesses Evi, SwiftKey and Magic Pony (acquired respectively by Amazon, Microsoft and Twitter), the fast growing travel company Secret Escapes and the global music phenomenon Sofar Sounds.
 
Alex Macpherson, Head of Octopus Ventures, says: “During the last ten years we have been incredibly fortunate to back some truly outstanding entrepreneurs, many of whom come back to us time and time again with new ventures, or who go on to introduce us to other talented founders. Access to investment is key for our entrepreneurs but backing these businesses has never just been about providing financial support. Helping entrepreneurs create defining moments for their businesses has also always been fundamental to our relationships. Our global expansion is a really significant step for us, and is a vital piece in the puzzle when it comes to providing the additional value our portfolio deserve and in reality, should expect, in order to reach their potential.”

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured