Funding

Index Venture funding news – London-based Index Ventures Secures $2.3 Billion in Funding

Jul 10, 2024 | By Startup Rise EU

Index Ventures, a leading global venture capital firm, secures $2.3 billion in funding to forge relationships with exceptional entrepreneurs who are creating transformative, category-defining businesses.

Index Ventures, a leading global venture capital firm, secures $2.3 billion in funding to forge relationships with exceptional entrepreneurs who are creating transformative, category-defining businesses.

SUMMARY

  • Index Ventures, a leading global venture capital firm, secures $2.3 billion in funding
  • Global venture funding firm Index Ventures supports outstanding entrepreneurs.

Index is investing $2.6 billion in funding to support founders from seed to IPO, in addition to its $300 million Origin seed fund. With this, Index has raised $15 billion in capital overall since its creation.

The company is raising money at a critical juncture in the global startup scene. The emergence of tried-and-true playbooks for hyper-growth firms, the introduction of revolutionary technologies like artificial intelligence, and the critical mass of experienced global talent are all accelerating and feeding off of one another. As a result, entrepreneurs are at a turning point in history when they can launch new companies that can redefine entire industries.

Read also - Phyron funding news- Stockholm-based Phyron Secures €10Million in Series B Round Funding

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Shardul Shah, partner at Index Ventures said, “Even though technology has transformed our daily lives, the reality is that it has so much further to go, AI alone will revolutionize virtually every sector of the economy and open up whole industries to venture that have remained virtually untouched. Meanwhile, hundreds of thousands of people have worked in hypergrowth startups globally and can transfer those lessons to the next generation of companies. We’re energized by the unique opportunities that this historical moment presents and excited to partner with founders to solve the world’s trickiest and most consequential problems.”

Index is positioned to be the ideal long-term partner for entrepreneurs building upon this new basis wherever they may be in the world, thanks to its new $800 million venture fund and $1.5 billion growth fund. Covering ten time zones and twenty-four of the world's thirty most dynamic ecosystems, Index has a significant presence from San Francisco in the west to Tel Aviv in the east.

Index, a West Coast-based company with a portfolio that includes Roblox, Notion, Figma, and Discord, has increased its US footprint by opening an office in New York. This implies that it can collaborate closely with market giants like Datadog as well as upstarts like Wiz and DataSnipper, utilising New York as a link to assist with their US expansion from Israel and Europe.

By adding former Airbnb CEO Vlad Loktev to the San Francisco office, Index has further strengthened its US leadership. Loktev played a key role in driving Airbnb's growth and product strategy for more than ten years at the firm.

About Index Ventures

Global venture funding firm Index Ventures supports outstanding entrepreneurs. They assist entrepreneurs in transforming their audacious concepts into successful international enterprises that, via the businesses they create, make a lasting and beneficial contribution to society. An vast global network, developed over three decades of startup investing, and an experienced team of investors and strategists help index-backed enterprises.

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