Eight Roads Ventures Eight Roads Ventures has raised $375 million to fund late-stage startups, an underserved area in Europe. Eight Roads was an early backer in Alibaba in 1999, and has also invested in furniture company Made.com and Notonthehighstreet. The venture firm wants to build more $10 billion companies out of Europe, where startups often exit to US tech giants for millions, rather than billions, of dollars. Eight Roads' European arm has mostly invested in the UK, and managing partner Davor Hebel said Brexit has had no impact on its investment decisions. Venture capital firm Eight Roads Ventures has raised $375 million (£267 million) to fund late-stage startups in Europe. The fund is Eight Roads' biggest to date, and the idea is to help fill a major gap in Europe start-up funding.See the rest of the story at Business InsiderNOW WATCH: How a woman from the 1800s became the first computer programmerSee Also:Tech companies are at a stalemate with fake news and conspiracy theoriesFacebook has banned far-right party Britain First and its leadersBuzzy startup Improbable will use part of its $502 million cash pile to fund a new game called 'Scavengers'SEE ALSO: How Improbable raised $502 million from SoftBank — and why one UK investor skipped the deal

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