European venture capital firm Octopus has launched a new £83m growth fund to further back its portfolio of industry disruptors.
Octopus Ventures, has backed more than 100 companies in the past decade, including Zoopla, Secret Escapes and SwiftKey.
The new fund, taking its total assets under management to £1bn, will be used to further invest in its most promising companies.
With new funding, between £250,000 and £20m will now be invested in start-ups with the potential to “disrupt their industries and change the world,” Octopus said.
Chief executive Alliott Cole said: “Today’s announcement means that we are 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 have been lucky enough to work with some of Europe’s most talented entrepreneurs - the people behind world-class businesses such as Zoopla and Secret Escapes, Big Health and Bought By Many.”
He added: “We back people we believe in, namely the pioneering entrepreneurs who are changing the world by disrupting industries.”
Octopus said the fund coincided with a new strategy to focus on the way society interacts with money, the future of healthcare and “bleeding edge technologies.”