European venture capital firm Octopus has launched a new £83m growth fund to further back its portfolio of industry disruptors. Octopus Ventures, has backed more than 100 companies in the past decade, including Zoopla, Secret Escapes and SwiftKey. Read more: Let's get kraken: How the Octopus Group is making waves The new fund, taking its total assets under management to £1bn, will be used to further invest in its most promising companies. With new funding, between £250,000 and £20m will now be invested in start-ups with the potential to “disrupt their industries and change the world,” Octopus said.