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The Rockfeller family owned venture capital fund, Venrock, has made public its intentions to buy into leading British technology firms with its first ever investment in a UK company, culminating in a 20 per cent stake in London based telecoms firm Xconnect Global Networks.
Venrock made a fortune with early investments in Intel and Apple, and will be hoping to repeat this success by broadening its investment horizons into the UK – which is apparently a favoured destination, reported the Guardian Online.
Meanwhile, the organisations top brass has highlighted the possibility of further deals in the UK: ‘The climate for entrepreneurialism in Britain has changed and we think there is a genuine possibility of more deals here,’ Ohad Finkelstein, the man responsible for the organisation’s global strategy, told The Observer.
The Venrock fund was founded by Laurance Rockefeller, the grandson of the Standard Oil founder John Davison Rockefeller who became the world’s first billionaire after revolutionising the oil industry.