Google Ventures, the corporate venturing unit of the eponymous US-listed search engine, has set up a seed investment fund to back developers of applications for the parent company’s spectacles called Glass.
Bill Maris (pictured in middle), managing partner of Google Ventures, said venture capital firms Kleiner Perkins Caufield & Byers (KPCB) and Andreessen Horowitz (AH) had joined its Glass Collective. Marc Andreessen, co-founder of AH and internet browser Netscape, is pictured on left, with John Doerr, partner at KPCB, pictured right.
KPCB previous ran a fund targeting technology company Apple’s IPhone’s developers and another on social networks – called iFund and sFund respectively – in which Google committed as a limited partner in 2011.
Maris said: “Glass is a potentially transformative technology. It’s a window into the world’s information, and a new way to share experiences with those you care about. Smart entrepreneurs and engineers are going to develop amazing experiences through Glass.”