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?At Octopus we seek unusually talented entrepreneurs, and we want to be there supporting them from the beginning of their business journey to the later stages of company growth and maturity,? Alex Macpherson, head of Octopus Ventures, explained.
?The Octopus Opportunities fund is a really exciting development that enables us to keep travelling with some of our existing entrepreneurs for longer, while also providing additional funding to find new investment opportunities.? He added that the company has always been comfortable investing at the early stages of a startup, but noted that the partnerships are long-term, thus the newfound desire for ?supporting the management team as they continue to realise the full potential of their businesses during the course of its lifetime?. Secret Escapes’ Saint detailed that the business was able to ?lean on the Octopus team? from the initial tie-up back in 2011 and even now four years later. He also said the VC partner played a ?crucial role? in the development of Secret Escapes. ?Recent years have seen significant changes in both the London and wider European technology markets; the rise of $1 billion business valuations across Europe has been particularly well documented,? Macpherson continued. ?As the European ecosystem continues to develop and mature, this $140m fund allows Octopus to continue backing talented entrepreneurs from an early stage, but then to provide crucial on-going support, remaining an investment partner as they go on to build big, enduring businesses.? By Zen TerrelongeShare this story