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Samsung soon to invest $150 million fund in European startups


Samsung has revealed plans of investing money into early-stage European startups, a move that comes just months after the Korean electronics giant launched a $150 million funding pot via a newly branded investment vehicle called Samsung Next.

Previously known as the Samsung Global Innovation Center since its inception in 2013, Samsung Next arrived on the scene back in January with its first dedicated investment fund — prior to that, any investments were made from various conduits from within Samsung itself. Over the past four years, Samsung says that it has invested in around 60 startups, of which 12 have exited, and it has made 15 acquisitions.

This news came into limelight soon after a report from Invest Europe, the region’s venture capital association, revealed that European VC firms raised $7.3 billion in 2016, a 10-year high. An improving exit market in Europe is one reason why VC funding could be on the up, but another potential reason is that it’s simply easier to garner better returns in Europe than in places such as Silicon Valley, where startup valuations can be over inflated.

In short, Europe is looking like a good bet for investors seeking good returns.

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