Index Ventures raises $3.1B in three new funds to support startups from ideation to maturity

Index Ventures has raised a colossal $3.1B (approx €2.63B) across three funds recently to invest in emerging startups and existing portfolio companies. 

The new funds are spread across stages: 

• Early-stage fund Index Ventures XI- $900M (approx €764M)
• Growth fund Index Ventures Growth VI – $2B (approx €1.7B)
• Seed-stage fund Index Origin – $200M (approx €170M)

Fund utilisation

All three funds are geographically agnostic and will be used in various sectors like consumer, enterprise, software infrastructure, gaming, and fintech.

According to Index Ventures’ Partner Mike Volpi, the funds will support new ventures through all stages of growth, from ideation to maturity. 

Jan Hammer, Partner at Index Ventures, says, “We’re doubling down on what I call the “people dimension”—looking for authentic entrepreneurs building mission-driven businesses, playing into ever-larger or ever-expanding markets.”

The VC has been ramping up its investment this 2021, with 68 deals completed already. Index Venture is on a path to surpass the 90 transactions closed last year, claims PitchBook. 

Further, the company has participated in several rounds including, proptech startup Matera, e-grocery startup Rohlik, Cargo.one, Ankorstore, and more. 

According to Techcrunch, the company has raised its Series A check size from $10M to $15M, growth check from $35M to $50M. The check size in the US is 20 per cent more compared to check size in Europe. 

“With this latest announcement, we’ve built out a platform that allows us to continue partnering with the most iconic entrepreneurs, helping them build companies step by step that endure through business cycles,” adds Jan Hammer, Index Ventures

Previous developments

In April, Index Ventures announced the $200M (approx €170M) Seed Fund – Index Origin. With the seed fund, the company will help startups with the resources, network, and reach of a multi-stage global firm.

Last year, the London and US-based VC raised $2 billion (approx €1.8 billion) for two new funds – $800 million (approx €732 million) and $1.2 billion (approx €1.09 billion). 

According to PitchBook, VC fundraising in Europe this year has been slower than last year. So far, €13.7B has been raised out of which, one-fifth is held by Index Ventures. 

Founded in 1996, Index Ventures has backed some reputed startups like Adyen, Dropbox, iZettle, and Zuora. The VC is based in London, San Francisco, and Geneva.