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Google joins $250m sFund

Zen Terrelonge
Google joins $250m sFund

Search engine joins long list of firms committed to mobile startups.

Since US venture capital firm Kleiner Perkins announced its sFund last year, companies including Facebook, Amazon and Zynga all signed on the dotted line as investors and strategic partners.

Google has now joined the $250 million fund as a strategic partner for the project, which supports social startups in mobile, consumer, enterprise and health sectors.

The campaign is led by Kleiner partner Bing Gordon and it has seen varying investments made from $100,000 up to $100 million but it's unrevealed how much Google parted with to become involved.

Startup Katango was the first company to leave the sFund following it's Google buyout last week as it is set to strengthen the Google+ social network.

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Tags: google , investment , kleiner perkins , sfund

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