Google injects $300M into new VC arm

Google (GOOG -0.8%) has injected $300M into a new VC arm meant to invest in late-stage tech startups. The unit, known as Google Capital, is separate from the well-established Google Ventures, which has made a name for itself with big bets on younger startups and a data-driven approach to investment decisions.

Google Capital has already invested $40M in Renaissance Learning, a provider of cloud-based educational software, analytics tools, and related services. Other investments include online survey software provider SurveyMonkey and P2P lending platform LendingClub.

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