London and US-based Index Ventures, a venture capital firm, recently raised $2 billion (approx €1.8 billion) for two new funds. Out of which, $800 million (approx €732 million) will go to “Index Ventures 10,” and the remaining $1.2 billion (approx €1.09 billion) will be with “Index Growth 5”. The new investors include – Mother Cabrini Health Foundation based out of New York and Smithsonian Institution.
Officially founded in Switzerland in 1996, Index Ventures has earlier backed some of the significant startups including Dutch fintech scaleup Adyen, Dropbox, iZettle, and Zuora. Index Ventures is a venture capital firm based in London, San Francisco, and Geneva, helping entrepreneurs turn bold ideas into global businesses.
Index Ventures said:
“We recognise that the path to building a great company is rarely a straight line and has many obstacles and forks along the way. Those embarking on a new venture in the aftermath of this global crisis may face even greater challenges than their predecessors.”
As per the company claims, the new funds will be invested in companies across a variety of sectors. Recently, the VC invested in the data intelligence company Collibra along with ICONIQ Capital.
“We remain as committed as ever to supporting these entrepreneurs with the backing of our limited partners – many of whom have been with us for over two decades. Closing the circle, the success of our entrepreneurs, in turn, helps to fund the research organisations, universities, medical institutes, and pension funds that comprise our investor base. We are enormously proud of all that they have achieved and look forward to all that we will achieve together.”
Main image credits: Akira Kaelyn/Shutterstock
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