Index Ventures Raises $542 Million Fund for Europe, U.S.Serena Saitto
Index Ventures, an early investor in Skype Technology SA, raised 400 million euros ($542 million) for a new fund to invest in Europe and the U.S.
It’s the seventh fund for the London-based venture capital firm, which was started in 1996 in Geneva, with the same eight partners and the same investors, said Mike Volpi, who opened the San Francisco office in 2011 with fellow partner Danny Rimer.
Six of the firm’s partners are in Europe. Together they invest as a single team out of a single fund in consumer Internet and enterprise information-technology companies.
“We see ourselves as multi-cultural and able to work across geographies,” Volpi said in an interview. “Very few of our companies remain just European or American.”
Other venture capital funds, such as Menlo Park, California-based Sequoia Capital, which was started in 1981, tend to invest in different regions out of separate funds. Index Ventures takes a full-service approach, helping its portfolio companies with strategy and recruiting, as well as finding real-estate space or a lawyer.
Andreessen Horowitz, which was started in 2009 in Menlo Park, takes a similar approach to investing in and developing technology companies.
Index Ventures was an early investor in Dropbox Inc., the cloud-computer software company valued at $10 billion in its last financing round. The investor had seven exits in the past 12 months from companies valued at about $1 billion or more, including Arista Networks Inc. and Zendesk Inc., which recently completed initial public offerings.