Index Ventures secures $2.3 bn to back transformative startups

Index Ventures, a premier global venture capital firm, has announced the successful raise of $2.3 billion in new funds.

Dollar spending on technology

This capital injection aims to support entrepreneurs building transformative businesses. Together with Index’s existing $300 million Origin seed fund, the firm is deploying $2.6 billion to back founders from seed stages to IPOs.

Since its inception, Index Ventures has raised a total of $15 billion.

With its new $800 million venture fund and $1.5 billion growth fund, Index Ventures is well-positioned to support entrepreneurs globally. The firm boasts a significant presence from San Francisco to Tel Aviv, covering ten time zones and 24 of the world’s 30 most dynamic ecosystems.

Index Ventures has a nearly three-decade history of partnering with visionary founders, primarily at the Seed and Series A stages. The firm has invested in 109 companies that reached a $1 billion valuation, 23 that surpassed a $10 billion valuation, and 57 that went public. Companies in Index’s portfolio have collectively created 200,000 jobs, with plans to add 20,000 more in the next year.

Recent Portfolio Highlights

Wiz: The cloud security company, an early Index investment, grew its value 100x in 18 months, reaching over $350 million in ARR and serving more than 40 percent of the Fortune 100.

Scale AI: Recently raised $1 billion, doubling its valuation to $14 billion, with its data foundry powering nearly every leading large language model.

DeepL: This language AI company is revolutionizing the language industry, which is projected to grow to $95.3 billion by 2028. Index led DeepL’s $300 million raise at a $2 billion valuation earlier this year.

Revolut: The finance platform reported revenues exceeding $2.2 billion for 2023, with record pre-tax profits of $545 million and 45 million customers globally.

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