Google is close to becoming the top dog in yet another business sector: venture capital.
The search giant’s 4-year-old financing arm, Google Ventures, has quietly become the country’s No. 3 most active venture-capital firm, according to a recent report.
Google Ventures, which has $300 million a year to invest, participated in 71 funding rounds in 2012, according to data from CB Insights.
“Google has become a favored destination for entrepreneurs,” said Anand Sanwal, CB Insights’ CEO.
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