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Index Ventures has raised $2.3 billion in new funds, comprising an $800 million venture fund and a $1.5 billion growth fund. The firm, known for its early investments in AI companies like Mistral and Cohere, aims to chase AI breakthroughs, with over 50% of its recent investments focused on AI. This fundraise comes at a historical inflection point for startups. Concurrently, Index Ventures is experiencing significant turnover, parting ways with five investors in its San Francisco office, including mid-level and senior dealmakers. This exodus follows the firm's midyear staff evaluations and reflects broader contractions in the venture industry post-zero interest rate policy (post-ZIRP), according to four people familiar with the matter.
new w/ @srimuppidi @RebeccaTorrenc5: Index Ventures is parting ways with five investors on the heels of a $2.3 billion fundraise. It's the latest example of how the venture industry is contracting post-zirp. https://t.co/xegp670FNE
New w/ @srimuddipi @rebeccatorrence5: Index Ventures is parting ways with five investors on the heels of a $2.3 billion fundraise. It’s another example of how the venture industry is contracting post-zirp https://t.co/xegp670FNE
Index Ventures has parted ways with five investors in its San Francisco office, including mid-level dealmakers and a senior dealmaker, according to four people familiar with the matter. The turnover came during management's midyear check-ins with staff. https://t.co/dUxyFmM8TQ
