Today, Index Ventures has announced that it has raised a total amount of $1.65 billion in new funds, in which $1 billion is planned to invest in a later stage, growth rounds and $650 million that it plans for smaller early age startups.
The Index is ninth in a venture fund, and the growth round is fourth after it came into existence in 1996.
Index is one of the largest and most prominent investors who has backed up so many startups which includes Adyen, Dropbox, iZettle, and Zuora (all of which have now either gone public or, in the case of iZettle, been acquired), so its backing has become something of a signal for quality (similar to a number of others, it should be noted).
The index has raised more than $7.25 billion from so many years, and using that money to seed and grow many startups helping them to grow and expand in the world of internet and technologies like mobile and cloud, which has become a variable tech boom over the last couple of decades.
“The reason why it’s a larger amount is that companies are raising more money earlier. There is more capital, [but also] the opportunities are larger,” said Martin Mignot, and investing partner with Index, in an interview. “Startups are going after larger sectors and a greater percentage of the GDP, and we believe that the size of outcome will get larger.”
“Operating thousands of scooters would not have been thought of as a venture-backed opportunity in the past,” added Mike Volpi, another investing partner at Index, about Index’s investment in the scooter startup Bird. “It is now.”
“We are still in the very early innings of this,” Mignot said of the wave of transportation startups.
“There might be a sliver of secondary, but not much. We have no plans to do a secondary fund,” said Volpi. “That is not our focus at this point, nor for the foreseeable future.”
The index has now investment team of 21 people, but with only one woman among its nine investing partner that is Sarah Cannon.
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