Industry News

Index Ventures closes 2 funds, $1B for growth rounds and $650M for early-stage investing

Techcrunch reports that Index Ventures, one of Silicon Valley’s most respected venture capital firms and a regular partner to Renovata, has announced the closure of its ninth venture capital fund, a $1BN late stage pot augmented by  $650M in early-stage funding.

Techcrunch notes that this is a significant increase on the firm’s $1.25BN raise of 2016. Investment Partner, Martin Mignot says, “Companies are raising more money earlier. There is more capital, [but also] the opportunities are larger… Startups are going after larger sectors and a greater percentage of the GDP, and we believe that the size of outcome will get larger.”

Read the full article here: