In reality summer enters Google through Google Capital, its investment vehicle, which announced the placement of $50 million in Auction.com, the dynamically growing online real estate trading platform.
In 2013, according to Auction.com, $7 billion worth of residential and commercial real estate changed hands on its platform. These are investment moves, which Google Capital is used to. In particular, he is interested in minority stakes in unlisted companies Companies at an advanced stage of development.
In February it had invested in the online education platform Renaissance Learning, while previous investments in the online investment house Lending Club and the company software δημοσκοπήσεων Survey Monkey. Ενα ενδιαφέρον στοιχείο έχει να κάνει με το ότι η ίδια η Goοgle συγκρότησε την εταιρεία Google Capital το 2013, αλλά μόλις τον Φεβρουάριο αποκάλυψε την ύπαρξή της. Οπως αναφέρει η Wall Street journal, citing authoritative sources, the parent company committed $300 million to Google Capital regarding this year. Its former head has been placed at its head teamof Google's corporate development, David Lowy. In addition, the Google giant has another investment vehicle, which comes to function in addition to Google Capital. It's called Google Ventures and it works in the form of investment innovation funds. Google Ventures selects early-stage companies and takes minority stakes.
The funds available in both Google investment arms come from the same, without involving any outside investors. Lastly, regarding the selection of Auction.com for the current investment of Google Capital, this is a company founded in 2007. 2008 Stone Point Capital private equity gained a share of it. 2013 has been on the market and among investors a discussion about the intentions of the online real estate platform to be listed on the stock market.
The occasion was given by the recruitment by Auction.com of the high-tech veteran Bruce Felt, who was appointed Chief Financial Officer.
Source: kathimerini.gr
