GOOGL - Here Are the 2 Growth Stocks Google's Parent Company Just Added to Its $7 Billion Portfolio
2024-05-25 04:10:00 ET
When Google restructured its business as Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) it broke out its Other Bets segment from its core Google operations. While many investors are familiar with some of those other bets like Waymo (autonomous vehicles) and Verily (life sciences), the segment also includes a $7 billion investment fund called CapitalG.
CapitalG is a venture capital fund focused on growth-stage companies. Not only does it give these companies a cash infusion in the form of an equity investment, but it also gives them access to Google's expertise. That can be a huge advantage for a young company, and CapitalG has seen 16 of the companies it's invested in make an IPO .
On top of CapitalG, Alphabet holds investments in 43 publicly traded companies, which accounted for about $2.5 billion worth of its investment holdings as of the end of last quarter, according to filings with the SEC. And there are two beaten down publicly traded growth stocks the fund added to last quarter that may be worth a closer look.
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Here Are the 2 Growth Stocks Google's Parent Company Just Added to Its $7 Billion Portfolio