Octopus Ventures reaches £1 billion milestone with new £83 million growth fund
New fund enhances leading European venture capital firm’s ability to back pioneering founders.
Octopus Ventures, a leading European venture capital firm and part of Octopus Group, today launches a new £83million fund to back the most promising companies from across its portfolio.
The new fund enhances the team’s ability to back pioneering entrepreneurs, providing additional growth capital that will allow them to reach new heights.
This latest development takes Octopus Ventures’ funds under management to over £1billion, allowing the team to invest between £250,000 and £20 million in start-ups with the potential to disrupt their industries and change the world.
Alliott Cole, CEO of Octopus Ventures, commented:
“Today’s announcement means that we’re part of a small group of investors with the resources to support start-ups from inception all the way to international scale-up.
“Over the years, we’ve been lucky enough to work with some of the Europe’s most talented entrepreneurs – the people behind world-class businesses such as Zoopla and Secret Escapes, Big Health and Bought By Many. We back people we believe in, namely the pioneering entrepreneurs who are changing the world by disrupting industries. This is all about helping them grow their businesses faster and more effectively.
“We have always looked for new ways to support our founders and this latest fundraise will do just that – providing Octopus Ventures with the additional means to support the ambition and vision of the people that will change the world.”
Alex Saint, Co-founder and Chief Executive of Secret Escapes Group, commented:
“A lot has changed since 2011, when we first started working with the Octopus team. We had ambitious plans and were looking for investors that really understood what we were trying to build – a business that would not only disrupt but redefine the travel industry.
“Today, we have a team of 1,000+ people and operate in 21 countries across Europe, Asia and the US, while our membership has grown to over 60 million users worldwide.
“The continued support and investment from Octopus since the beginning has helped us build a rapidly growing global company. They are hands on and have provided strategic guidance on everything from recruitment and team building to helping us define our international strategy.”
The latest fund coincides with a new strategy to focus on three key areas:
- The Future of Money: Seeking pioneering entrepreneurs who want to improve the way society interacts with money and risk by building products that will transform payments, investments, markets and insurance.
- The Future of Health: Healthcare will soon be the world’s biggest industry and we back the teams revolutionising health and wellness through patient-driven medicine, clinical decision tools, digital health and disease prevention technologies.
- The Future of Industry: Focused on the bleeding edge technologies that will drive the next industrial revolution. These include advanced manufacturing, materials, Internet of Things, robotics and artificial intelligence, as well as those technologies which will keep a fully digitally connected society secure.
Octopus Ventures has offices in New York, Shanghai and Singapore, established to support portfolio companies as they expand internationally. This is in addition to a global network of Venture Partners who advise management teams on building long-term growth strategies.
For journalists in their professional capacity only. Personal opinions may change and should not be seen as advice or a recommendation. We do not offer investment or tax advice. Issued by Octopus Investments. Octopus Ventures is part of Octopus Investments Limited, which is authorised and regulated by the Financial Conduct Authority. Registered office: 33 Holborn, London, EC1N 2HT. Registered in England and Wales No. 03942880. Issued: April 2019.