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Google Ventures expands interest in life sciences, has 16 exits

Google Ventures made 57 new investments this year and benefited from16 exits, according to an annual Year in Review report.

The corporate investment arm of Google now had $1.6 billion under management and 282 portfolio companies. In 2014, it placed 36 percent of its capital in life sciences and health care companies, a big increase. Twenty-seven percent of its capital went to mobile investments, and 24 percent targeted enterprise and data related investments, the report says.

Only 8 percent went to consumer Internet companies and 5 percent to commerce. That’s a big reduction in consumer Internet activity.

Among the new investments were Cloudera, DataFox, Slack and Wearable Intelligence. Among its exits was one IPO – HubSpot’s – and 15 acquisitions, including the purchase of Nest by its parent company.

Here is a link to the report.