Google is launching a venture capital fund to invest in promising European technology companies. The $100m (£58m) fund will "invest in the best ideas from the best European entrepreneurs", according to Bill Maris, managing partner at Google Ventures, overseeing the project. The new fund will be an arm of the existing US-based fund, Google Ventures, and will be run by a team which includes angel investor Peter Read, Code.org UK head Avid Larizadeh and entrepreneur Tom Hulme.