FinancialReconSpine

Google bets big on healthcare in 2014

December 16, 2014 by Brian Johnson

Google Ventures, the VC arm of the Silicon Valley tech monolith, pumped more than ⅓ of its venture spend into healthcare and life science startups during 2014.

Google (NSDQ:GOOG) took a bigger bet on healthcare in 2014, investing more than ⅓ of the its venture dollars in healthcare and life science interests, according to the company and published reports.

Google Ventures said it dropped 36% of its 2014 allocation on healthcare and life sciences startups, making it the top sector the Silicon Valley giant invested in during the year. Although Google doesn’t disclose how much money it allocates towards investment, Bill Maris, head of Google Ventures, told the Wall Street Journal that the company allocated about $425 million for investments, with about $125 million of that earmarked for Europe.

A full list of Google’s VC investing can be found on the company’s website.

Google has been very active in healthcare during 2014, signaling that it has its sights set on 1 of the most potentially profitable sectors of the global economy.

READ THE REST AT MASSDEVICE

Tags

Josh Sandberg

Josh Sandberg is the President of Ortho Spine Partners and Partner for The De Angelis Group. He also serves as Co-Founder and Editor of OrthoSpineNews.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button