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Index Ventures Announces 350 Million Euro Early Stage Fund
By Anna Johnson on March 6th, 2009Well, at least one venture capital fund seems to be doing quite well these days! Geneva, Switzerland based Index Ventures has just closed a €350 million early stage fund called Index Ventures V.
Index says the fund will be used for early stage and seed investments in the technology, biotechnology and clean technology sectors in Europe, the United States and Israel.
According to TechCrunch, Index partner Bernard Dalle said it was easy to raise the fund and that all existing limited partners increased their investments.
What’s more, he said that deal flow (the flow of deals available to venture funds, such as Index, to invest in) was strong and good start-up companies were experiencing no difficulties raising venture capital in London.
So… is Mr Dalle blowing steam… or deliberately talking down the recession… or actually doing quite well in these ‘interesting’ times?
Sources: Sarah Lacy, “Index Closes a New 350M. Euro Venture Fund,” TechCrunch, March 2, 2009, Index Ventures
