Index Ventures has closed a trio of new funds: a $900 million early-stage fund, a $2 billion growth-stage fund and a previously announced $200 million seed-stage fund. The close gives Index $3 billion in new capital, its largest tranche yet, to deploy into emerging startups and existing portfolio companies, which include the likes of Plaid, Deliveroo and Revolut, which was just valued at $33 billion.
Index’s new capital comes a little over a year since it closed its last funds, which were a duet of $1.2 billion for growth-stage investments and $800 million for early-stage investments. It also is announced while venture dollars more broadly seem to be growing at an unprecedented rate — In recent weeks, Accel announced that it has closed $3 billion across three funds, too, and Andreessen Horowitz landed a $2.2 billion fund dedicated entirely to crypto startups.
The influx of money means that check sizes and valuations are growing across the entire ecosystem. Index, for example, said that it has grown its Series A check size from $10 million to $15 million, while it increased its growth check from $35 million to $50 million. Its check size in the United States is about …read more
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