Index Ventures, a global venture capital firm, has announced $2.3 billion in new funds to forge relationships with exceptional entrepreneurs who are creating transformative, category-defining businesses. Combined with the existing $300 million Origin seed fund, Index is deploying $2.6 billion in capital to back founders from seed to IPO. This brings Index’s total capital raised since its founding to $15 billion.
A proportion of these new funds will be deployed here in the UK, supporting the next generation of visionary entrepreneurs and creating even more jobs. It will add to the no 200,000+ jobs already created by Index portfolio companies globally so far.
Lord Livermore, Growth Minister, said: “Boosting private investment into the UK economy is an urgent priority for our growth mission, so I very warmly welcome Index Ventures’ commitment to Britain and their vote of confidence in our VC sector. It’s great to see how private investment in the technologies of the future will create thousands of jobs that people across the UK can benefit from.”
Sector leadership
With its new $800 million venture fund and $1.5 billion growth fund, Index is positioned to be the best long-term partner for entrepreneurs building upon this new foundation wherever they are in the world.
This investment comes at a time when there are rapid advancements in AI, deeper talent pools, and established playbooks for building hyper-growth businesses are compounding trends that offer unprecedented opportunities for founders worldwide.
“Even though technology has transformed our daily lives, the reality is that it has so much further to go,” said Shardul Shah, partner at Index Ventures. “AI alone will revolutionise 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 energised 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.”
Global presence
Index has a global presence from San Francisco in the West to Tel Aviv in the East, spanning across 24 of the world’s 30 most vibrant ecosystems.
Established on the West Coast, Index stepped up its US presence with a new New York office. This means it can partner closely with category leaders using New York as a bridge to help them expand from Europe and Israel across the US.
The VC firm has continued strengthening its US leadership by welcoming former Airbnb executive Vlad Loktev to the San Francisco office, who was instrumental in driving Airbnb’s growth and product strategy for over a decade at the company.
Portfolio of investments
Index Ventures has a nearly three-decade history of identifying, nurturing, and partnering with visionary founders. Most of these partnerships begin early in a company’s life, at Seed and Series A.
The VC has invested in 109 companies that reached a $1 billion valuation, 23 that exceeded a $10 billion valuation, and 57 that became publicly traded. The businesses in its portfolio have created 200,000 jobs so far and are on track to hire 20,000 more in the next 12 months. Recent inclusions into the Index portfolio are:
- Wiz, the cloud security company grew to 100x its value within 18 months – becoming the fastest-ever company to hit $100 million ARR in that time.
- Scale AI recently raised $1bn and doubled its valuation to $14 billion, and its data foundry powers nearly every leading large language model;
- DeepL, the language AI company, is transforming the language industry and received $300 million and a $2 billion valuation earlier this year.
- Revolut, the all-in-one finance platform, announced revenues exceeding $2.2 billion for 2023, with record pre-tax profits of $545 million and 45 million customers globally.
What do we think about Index Ventures?
Index Ventures demonstrates impressive growth and strategic vision with its $2.3 billion in new funds. Its global presence and strong portfolio, featuring successful companies like, highlight its ability to identify and support transformative startups. Index’s focus on AI and hyper-growth businesses positions it as a crucial partner for future industry leaders.
