Index Ventures

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Index Ventures
Private
IndustryVenture capital
Founded1996; 22 years ago (1996)
HeadquartersSan Francisco and London
ProductsVenture capital, growth capital
Total assets€2 billion
Number of employees
70+
Websitewww.indexventures.com

Index Ventures is an international venture capital firm with dual headquarters in San Francisco and London,[1] investing in technology-enabled companies with a focus on e-commerce, fintech, mobility, gaming,[2] infrastructure/AI,[3] and security.[4] Since its founding in 1996, the firm has invested in a number of companies and raised approximately $5.6 billion.[1][5][6]

History[edit]

Index Ventures has its origins in a Swiss bond-trading firm called Index Securities, founded by Gerald Rimer in 1976.[7][8] In 1992, Rimer recruited his son, Neil, to join the firm and together they launched its technology investment arm, which would evolve into an independent entity, Index Ventures.[8][9][10]

Index Ventures was officially founded in 1996 by Neil Rimer, David Rimer and Giuseppe Zocco,[11] when they raised a pilot fund of $17 million, followed by a $180 million fund in 1998.[8] That year the firm also launched its life sciences practice, which in 2016 launched as an independent venture capital firm, Medicxi Ventures.[12][13] Index Ventures' dual headquarters in San Francisco and London were opened in 2011 and 2002, respectively.[14][15]

Partners[edit]

The firm's nine investment partners are Sarah Cannon,[16][17] Mark Goldberg,[18][16] Jan Hammer,[19] Martin Mignot, Danny Rimer, Neil Rimer, Shardul Shah,[20] Dominique Vidal, and Mike Volpi. The firm also has an operating partner, Bernard Dalle.[21]

Awards[edit]

Danny Rimer has been named to Fortune's “40 under 40” list of the top rising stars in business,[22] Forbes' Midas List of the top 25 deal makers in venture capital,[23] and the New York Times' list of the top 20 venture capitalists worldwide each year since its inception (2016-2018).[24][25][26]

Neil Rimer was named the number one venture capitalist in Europe in Forbes' inaugural Midas List Europe 2017.[27]

The 2018 Forbes' Global Midas List of the world's top venture capitalists featured Neil Rimer and Jan Hammer,[28] and the 2018 New York Times list of the top venture capitalists worldwide featured four Index partners: Danny Rimer (number 17), Mike Volpi (number 34), Neil Rimer, and Jan Hammer.[26]

Investments and Exits[edit]

Index Ventures has raised a number of venture funds, including Index Ventures I through VIII[29][30] and Index Growth 1, 2 and 3.[31][32][33] In 2018 the firm raised a total of $1.65 billion for an early-stage investment fund and a growth fund.[18][34]

The firm’s notable exits include:

Other notable investments include Adyen,[40] Aurora,[56] Deliveroo,[40] Farfetch,[40] Funding Circle,[40] Intercom,[57]Patreon,[58] Revolut,[59]Robinhood,[27] Roblox,[60] Ubiquity6[61] and Slack.[62]

References[edit]

  1. ^ a b "Europe's start-up backer — Neil Rimer, founder, Index Ventures". Financial Times. November 28, 2016.
  2. ^ "Game developer Supersolid raises $4M Series A round led by Index Ventures". TechCrunch. October 13, 2017.
  3. ^ a b "Index Ventures Has A New, $550 Million Fund, And A New Partner". TechCrunch. February 3, 2016.
  4. ^ "Index Ventures' Danny Rimer on how to spot tech trends". The Guardian. September 20, 2013.
  5. ^ "Index Ventures, a leading Euro VC, opens a Valley office". TechCrunch. January 14, 2011.
  6. ^ "Index Venture Update: New Partners Shardul Shah & Dick Costolo Added to Team & Eighth Venture Fund Closes". Crowdfund Insider.
  7. ^ "What They're Reading". New York Times. September 5, 1995.
  8. ^ a b c "25 Rising Stars". Fortune. May 14, 2001.
  9. ^ "Wall Street Journal Fast Forward: Speakers and Guests".
  10. ^ "Levie, Damelin, Rimer, Onur, Klein, Khan To Speak At TechCrunch Disrupt Europe". TechCrunch. July 24, 2013.
  11. ^ "A venture capitalist's European mission". FT. April 24, 2010.
  12. ^ "How VC firm Index Ventures is hunting for the next Deliveroo". WIRED. October 17, 2017.
  13. ^ "Veni, vidi, V.C." (PDF). University of Geneva student magazine. November 6, 2009.
  14. ^ "Index Ventures forth, bridging Silicon Valley with Silicon Roundabout". November 30, 2011.
  15. ^ "Index Ventures Raises $700M Fund, Opens San Francisco Office (But Keeps Focus On Europe)". November 8, 2011.
  16. ^ a b "A conversation with Sarah Cannon and Mark Goldberg, Index Ventures' new partners". TechCrunch. October 9, 2018.
  17. ^ "Index has hired CapitalG VC Sarah Cannon". recode. 2 March 2018.
  18. ^ a b "Index Ventures Has Been on a Run. Now It's Raising Funds to Keep It Up". New York Times. July 9, 2018.
  19. ^ "Europe's biggest venture capital fund told us what it looks for in a company". Business Insider. November 28, 2015.
  20. ^ "Index Ventures closes $550M fund, promotes Shardul Shah to partner". PitchBook. February 4, 2016.
  21. ^ "Open source: The money is in the cloud". CNET. December 3, 2009.
  22. ^ "Gallery: 40 under 40". FORTUNE. September 10, 2009.
  23. ^ "The Midas List: Tech's Top Investors". Forbes. March 26, 2014.
  24. ^ "The Top 20 Venture Capital Investors Worldwide". The New York Times. March 13, 2016. Retrieved 1 April 2016.
  25. ^ "The Top 20 Venture Capital Investors Worldwide". The New York Times. March 27, 2017.
  26. ^ a b "The Top 100 Venture Capitalists".
  27. ^ a b c "Forbes Announces First-Ever 2017 Midas List Europe". Forbes. November 6, 2017.
  28. ^ "The Midas List". Forbes. April 3, 2018.
  29. ^ "The Index Ventures hits €350m for latest tech-focused fund". AltAssets. 18 June 2012.
  30. ^ "Index Ventures Has a New, $550 Million Fund, and a New Partner". TechCrunch. February 3, 2016.
  31. ^ "Armed With New Fund, Index Ventures Hunts For The Next Billion-Dollar Tech Firm". Forbes.com. 11 November 2011.
  32. ^ "Index Ventures raises $706M for new growth fund". VentureBeat. April 1, 2015.
  33. ^ "Index Ventures Amasses $1.25 Billion to Back Tech Startups". Bloomberg. February 3, 2016.
  34. ^ "One investing firm is behind a string of this year's big money-making moments in Silicon Valley". recode. August 5, 2018.
  35. ^ "Venture Firms Hit The Jackpot With Betfair". Wall Street Journal. October 25, 2010.
  36. ^ Association, Press. "Paddy Power and Betfair merger agreed". the Guardian. Retrieved 29 January 2016.
  37. ^ "Nestlé Targets High-End Coffee by Taking Majority Stake in Blue Bottle". New York Times. September 14, 2017.
  38. ^ "Nestle is Said to Pay $425 Million to Buy Blue Bottle Coffee". Bloomberg. September 14, 2017.
  39. ^ a b c d e "Index Ventures Raises New $550M Early-Stage Fund For Europe, The US And Israel". TechCrunch. June 10, 2014.
  40. ^ a b c d e "Index Ventures is coming in force to TechCrunch Disrupt Berlin this December". TechCrunch. September 5, 2017.
  41. ^ News, ABC. "Shares of Dropbox surge in first day of trading". ABC News. Retrieved 2018-03-23.
  42. ^ "Sonos Confirms $25 Million Investment From Index Ventures". TechCrunch. March 12, 2010.
  43. ^ "Duo Security raises $70 million at a valuation north of $1 billion". TechCrunch. October 18, 2017.
  44. ^ "Index has raised an additional $550 million to invest in US, European, and Israeli tech startups". Business Insider. February 4, 2016.
  45. ^ Bosilkovski, Igor. "PayPal Makes Its Biggest Acquisition Ever By Buying Swedish Startup iZettle For $2.2 Billion". Forbes. Retrieved 2018-05-21.
  46. ^ "Activision Blizzard Becomes "Largest Game Network in the World" With Candy Crush Dev Buyout". GameSpot. 23 February 2016. Retrieved 23 February 2016.
  47. ^ "CBS Acquires Europe's Last.fm for $280 million". TechCrunch. May 30, 2007.
  48. ^ "Former MySQL CEO Martin Mickos joins Index Ventures as EIR". TechCrunch. January 8, 2010.
  49. ^ "EBay Buys Skype for $2.6 Billion". PC World. September 12, 2005.
  50. ^ "Why Microsoft Is Buying Skype for $8.5 Billion". GigaOM. May 9, 2011.
  51. ^ "Sonos Confirms $25 Million Investment From Index Ventures". TechCrunch. March 12, 2010.
  52. ^ "Is This The Fastest-Growing Game Company Ever?". Forbes. May 6, 2013.
  53. ^ Osawa, Juro; Needleman, Sarah E. (21 June 2016). "Tencent Seals Deal to Buy 'Clash of Clans' Developer Supercell for $8.6 Billion". Wall Street Journal. ISSN 0099-9660. Retrieved 1 August 2016.
  54. ^ Lardinois, Frederic (January 9, 2017). "Atlassian acquires Trello for $425M". TechCrunch. AOL. Retrieved January 9, 2017.
  55. ^ "Zuora IPO Pops 43% As Cloud Software Company Raises $154 Million". Investor's Business Daily. April 12, 2018.
  56. ^ "Self-Driving Car Startup Aurora Could Start a 'Renaissance in the Transportation Industry'". Fortune. February 28, 2018.
  57. ^ "The Daily Startup: Index Ventures Backs Intercom in $50 Million Series D". The Wall Street Journal. April 7, 2016.
  58. ^ "Crowdfunding firm Patreon turns to VCs for $15m funding round". The Guardian. June 23, 2014.
  59. ^ "Revolut raises $66 million for its global banking alternative". TechCrunch. July 12, 2017.
  60. ^ "Roblox Secures $92 Million in Funding". Index Ventures. March 14, 2017.
  61. ^ https://techcrunch.com/2018/08/14/ar-startup-ubiquity6-lands-27m-series-b-to-build-a-more-user-friendly-augmented-reality/
  62. ^ "Slack Raises $200 Million at $3.8 Billion Valuation". Fortune. April 1, 2016.

Further reading[edit]

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