New $440 Million Investment FundSnapping its fingers under the nose of the "Great Recession," Index Ventures has closed a 350 million euro investment fund, a little pile worth upwards of $440 million, that it means to trickle into high-tech start-ups that need seed money and early stage capital.
It's thinking ventures in the cloud, alternative payments, mobile and e-commerce as well as virtualization and clean technology that are located in the US, Israeli and Europe - and its map of Europe jumps the Urals and goes into Russia.
A European operation in business since 1996, Index backed Skype - before it went to eBay - MySQL - before Sun bought it for a billion dollars cash - and Last.fm - before CBS bought the social music platform.
This new fund is its fifth in the last 10 years. It currently has money in Criteo (France), DimDim (India), Lehigh Technologies (US), MyHeritage (Israel), NormOxys (France), OpTier (Israel), Playfish (UK), WooMe (UK/US) and RightScale (US). And it frequently ties up with VC outfits such as Sequoia, Accel and NEA as well as angel investors such as Mark Andreessen.
David RimerDavid is a co-founder of Index Ventures and has been responsible for all aspects of the operations of Index since he joined in 1995. Prior to joining Index, David spent five years at The Capital Group Companies in Geneva, Los Angeles and New York. During his career at Capital, David worked in both the Fund Management and MSCI Index departments. He has a BA in Anthropology from Stanford University.
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