One of Europe’s biggest venture capital firms, Index Ventures, raised $1.65 billion for two new funds.
Index Ventures has had a good 2018 after its portfolio firms Adyen and Dropbox went public.
Its new venture fund is aimed at early-stage startups, while the growth fund is for bigger firms that need larger checks.
Index has raised 30% more than last time because early-stage funding rounds are getting bigger.
Index Ventures, the early-stage backer of Bird, Sonos, and Deliveroo, has raised $1.65 billion across two new funds targeted at early-stage and growth stage startups.
Index closed $650 million for its ninth venture fund, and $1 billion for its growth fund, which writes bigger checks for later stage companies. The firm has raised $7.25 billion to date.
It’s been a good year for Index, which was founded in Geneva, Switzerland and has become one of Europe’s biggest venture capital firms, with an arm in the US too.
The firm was an early investor in Dutch payments company Adyen, which went public last month at a purported valuation of $8.3 billion. Cloud storage firm Dropbox also went public, albeit with a lower-than-expected valuation. And a third portfolio firm, Swedish payments firm iZettle, sold to PayPal for $2.2 …read more
Source:: Businessinsider – Technology