Index Ventures launches €350m fund to invest in tech start-ups
New venture capital fund will back ambitious early-stage companies
Index Ventures, the venture capital (VC) firm that backed Lovefilm, Last.fm, Skype and Net-a-Porter, has unveiled a new …350m (£284m) fund to invest in disruptive tech start-ups.
The fund will offer seed and early-stage investment in technology start-ups, with a focus on ambitious new companies in Europe and Israel.
Index Ventures highlighted five key areas that it considers “most exciting” to invest in right now, which the new fund will be targeting: commerce (especially fashion); marketplaces; cloud computing and ‘big data’; mobile and social; and financial services.
Saul Klein, partner at Index Ventures, said the company will be looking for “outstanding European and Israeli born companies looking to build global category leaders”.
He cited a number of examples of companies already doing this among Index’s current portfolio, including Mind Candy, Moo.com, Housetrip, Farfetch and Funding Circle.
Klein added that early-stage investment in promising ideas will be critical for fuelling the economic recovery, and that Europe has much potential to produce world-beating start-ups.
“Providing the building blocks for start-ups, in the form of mentorship and financing, inevitably leads to job creation. In our portfolio alone, there are currently over 1,000 open positions.
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“We continue to believe that Europe will be fertile ground to discover and help develop world-beating innovations.”