Google Ventures, the Google-backed group that “provides seed, venture, and growth-stage funding to the best companies” just released their 2013 year-end report. The group, which has previously backed major names like RetailMeNot, Uber and Nest reports more than 75 new investments this year totaling more than 225 companies in total.
Over the course of 2013, Google Ventures exited 9 companies on their way to future success. Perhaps the biggest Google Ventures investment in 2013 was the $258 million it provided to Uber.
Google Ventures increased its fund size over the course of 2013 to more than $300 million, up from $200 million last year. General Partner David Krane tells TechCrunch that the firm now has $1.2 billion under management and will be receiving another $300 million in funding its “sole limited partner, Google, in January.”
Google Ventures has taken some criticism overall for missing out on some of the bigger names in recent years, including Twitter and Pinterest but remains steadfast in its approach. Where Google Ventures goes from here is anyones guess, but they continue to grow influential as a major force in venture capital and hopefully will continue to grow even more in 2014.
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