One of Europe’s biggest venture capital firms, Index Ventures, raised $1.65 billion for two new funds.
Index Ventures has had a good 2018 after its portfolio firms Adyen and Dropbox went public.
Its new venture fund is aimed at early-stage startups, while the growth fund is for bigger firms that need larger checks.
Index has raised 30% more than last time because early-stage funding rounds are getting bigger.
Index Ventures, the early-stage backer of Bird, Sonos, and Deliveroo, has raised $1.65 billion across two new funds targeted at early-stage and growth stage startups.
Index closed $650 million for its ninth venture fund, and $1 billion for its growth fund, which writes bigger checks for later stage companies. The firm has raised $7.25 billion to date.See the rest of the story at Business Insider
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