A year after closing a $585 million expansion-stage fund, Europe's Index Ventures is returning to its early-stage roots. The fund
announced Tuesday that it has closed a $440 million fund dedicated to early-stage and seed investments in technology, biotech and cleantech in the U.S., Europe and Israel.
Index, known for its lucrative exits from early-stage investments in Skype Technologies, Last.fm Ltd. and MySQL AB, said the fund was raised entirely from its existing base of limited partners.
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"There are certainly challenges facing many industries right now but,
thanks to the ongoing commitment of our limited partners, we can
continue to focus on our core strength, that of finding and supporting
ambitious, dedicated entrepreneurs," said Index partner Bernard Dalle in a statement.
Index said this is the fifth early-stage fund it has raised during the past decade.
- Olaf de Senerpont Domis
