The unit committed 36% of its funding in 2014 to health and life sciences, while the mobile and enterprise sectors also benefited from a retreat from consumer investments.
Google Ventures, the corporate venturing arm of internet company Google, has significantly increased investment in health and life sciences in 2014, with 36% of its funding going to the sector.
Bill Maris, managing partner of the unit, told the Wall Street Journal the investment, up from a 9% share of Google Ventures’ spending in both 2012 and 2013, was due to an explosion in technology based around analysing health data.
Google allocated $425m to its venture capital activities in 2014,…