Source: TechCrunch
Summary
Index Ventures has closed a $900 million fund, bringing its total available investing capital to $3.5 billion. The firm plans to invest in startups across Europe, the US, and Israel. Index Ventures focuses on backing entrepreneurs in the seed and early stages of their companies. The new fund will be used to support existing portfolio companies as well as new investments. The firm’s investment strategy remains unchanged.
Our Reading
The launch follows a familiar script.
Index Ventures raises another massive fund, because $2.6 billion wasn’t enough. The firm is now sitting on $3.5 billion in available investing capital. They’ll use this to invest in startups across Europe, the US, and Israel, because that’s what they’ve always done. The new fund will support existing portfolio companies and new investments, because that’s what new funds do. Index Ventures is still backing entrepreneurs in the seed and early stages, because that’s their thing.
Index Ventures’ investment strategy remains unchanged, which is tech for “we’re doing the same thing we’ve always done, but with more money”.
Author: Evan Null
