RealTime IT News

Garage.com Opens Its Doors in Europe

Online venture firm Garage.com Friday opened its first European office in London, making it the company's second foray into international expansion since starting a branch in Israel last October.

The office will connect entrepreneurs across Europe with U.S. high tech investors, strategic partners, clients and managers. In conjunction with its broker/dealer affiliate, Garage.com matches high tech startups with investors and helps entrepreneurs build their businesses into successful companies.

Garage.com's London office is located in the heart of Covent Garden, an area popular with European entrepreneurs, technology companies, and financial institutions.

In addition to the establishment of its first European office, Garage.com will offer educational events and startup services to further meet the needs of the European entrepreneurial community. The firm will bring its popular Bootcamp for Startups conference to Europe in June 2000. Bootcamp for Startups provides entrepreneurs the opportunity to learn about raising capital, building a buzz, hiring top talent, and launching their product from the high tech industry's top investors, experts, and entrepreneurs.

Entrepreneur Katia Verresen will head business development for Garage.com's European office located in London. Verresen previously founded UpStart Ventures, a French firm that assists European entrepreneurs with international expansion strategy and capital needs. Prior to UpStart Ventures, Verresen worked with Venture Capital Report in France.

"The marriage of startups and venture capital is a global activity," said Guy Kawasaki, CEO of Garage.com. "Garage.com's mission is to democratize the venture capital process for the global startup community. We provide promising startups access to the U.S. venture finance community and the strategic guidance that they need to build a successful high-growth business."

Since January 1999, Garage.com has helped 40 technology startup companies raise more than $100 million in venture capital through its broker/dealer subsidiary Garage.com Securities.