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Index Venturesis announcing $ 2.3 billion in young funds to finance the next generation of tech startup globally . These raw funds are unfold across dissimilar stages with $ 800 million dedicated to jeopardize investing and $ 1.5 billion fructify aside for growth- and late - stage companies .
How do these store equate to the old ace ? In 2021 , Index Venturesraised$900 million for Index Ventures XI and $ 2 billion for Index Ventures Growth VI , and it also has a separate former - stage fund . The house raise $ 300 million in 2022 for its seed fund , Index Origin II .
So this stock is a tomentum smaller . But the firm tell that this is just about arouse the right amount for the current market . exponent enjoin it spend mere week on this fundraising process and raised the stock entirely with its subsist LP root word .
“ And we were very intentional about the size . I think it would be very gentle to just stay on raising larger funds . And we had a bottom up approach and looked : ‘ What are the sizes of growth rounds happening right now ? Where are the opportunities in venture ? ’ ” she contribute .
For speculation investment , the house divides these rung into two categories : AI and other . AI funding polish up at the seed and Series A microscope stage are much bigger than the ordinary funding round . But non - AI Series A round be given to be a flake smaller these days . That ’s why it sort of evens out and Index Ventures raised more or less the same amount on that front .
As for late - stage hand , the average size of late - stage roundshas fall drasticallysince 2021 . That ’s why this yr ’s growth stock is smaller .
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“ We do n’t think about aggregate assets . And I think to your point , other folks in the industry that have develop bighearted have actually impress towards asset accumulation , which is a all unlike scheme , ” Shardul Shah ( picture right ) , an Index spouse based in New York and focused on enterprise investment , substructure security and AI , recite TechCrunch .
AI as an accelerator to innovation
At the same time , the squad believes the recent progress in artificial intelligence agency present a significant technology discovery and could nurture a new wave of startup opportunity .
“ I think at this bit , there ’s a veridical computation of the initiation models , ” Achadjian said . “ It seems like it ’s kind of consolidate to three or four companies . It seems there are still some open questions around surety , the cost of give up — these inference costs — and also just how these things are going to scale over time . ”
“ But I remember that actually there is a huge opportunity once those questions are suffice for a lot of entrepreneur to build upon those building blocks to really add value that ’s not just like a feature , ” she tally . According to her , “ the good may be yet to come ” in the AI space .
Shah added that stilted intelligence also make investing opportunities in new industries for VC firms . For instance , manufacturing , drug discovery and legal services are n’t usually technical school - enabled industries . But AI might become an innovation accelerator in these verticals in the geezerhood to descend .
With this in psyche , Index Ventures will remain an opportunistic VC firm that invests across all phase in 24 tech ecosystems , from North America to the U.K. , Europe and Israel . The firm has office staff in San Francisco , London and New York but has a worldwide strategy with global pecuniary resource , a undivided unified team and funds that are n’t specific to a exceptional vertical because the tech diligence change at a rapid rate .
And when you look at Index Ventures ’ investment portfolio , it includes some of the most successful tech companies of the past few year , such as Figma , Revolut , Roblox , Scale AI and Wiz . Over the retiring 28 yr , Index Ventures has funded 108 unicorns , 23 decacorns and 57 companies that went public . There ’s no cause to change a recipe that already works .
