Index Ventures raises $2b for startup bets

Index Ventures, the venture capital firm, has announced the raising of $2 billion in fresh capital across three funds on Friday. The firm, which is 30 years old, allocated $400 million for a new seed-focused fund and $900 million for its venture fund. Additionally, Index added $700 million to a $1.5 billion growth fund that was raised in 2024, increasing its total available capital to $3.5 billion.

This significant capital raise follows a $2.3 billion funding round in 2022, which included $800 million earmarked for a predecessor venture fund. Despite the substantial increase in fund sizes, Index has maintained a prudent approach, contrasting with the practices of other venture capital firms in the industry. The firm's recent performance has been particularly noteworthy, with its portfolio company Wiz recently completing a $32 billion sale to Alphabet.

Index Ventures was an early investor in Wiz, holding a 12% stake that is currently estimated to be worth $3.8 billion, according to Reuters' reporting. The firm has also invested in other notable companies, including AI startups Physical Intelligence, Fireworks AI, and Anthropic, of which it was an early investor when the company raised capital at a $183 billion valuation in September last year.