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Google Capital Lands $300 Million and Leaps Into Web Education

Google Inc.’s new investment arm has $300 million in fresh capital to put to work this year and is starting the dealmaking with its first foray into Web education.

Google Capital, established by the search company to back late-stage technology startups, is getting twice as much money as it had last year, said David Lawee, who manages the unit. Google Capital is putting $40 million into Renaissance Learning Inc., an education software company, and aims to do five or six deals this year, Lawee said.