Published: 9 March 2000 09:36 GMT
Japanese Internet software group, Softbank, is storming into the European venture capital market with the launch of two funds totalling £630m ($1bn).
Softbank said £285m ($450m) of the money will be used to invest in UK Internet technology companies, with the rest used in other European countries.
Eric Hippeau, president of Softbank International Ventures, said Europe represents a huge opportunity because of potentially widespread adoption of the Internet via wireless devices.
Mark Booth, chief executive of high-tech investment outfit Epartners, will manage the fund in the UK.
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