Index Ventures

Venture capital firm
London, England, UKFounded 1996www.indexventures.comSee connections →Compare with Sequoia Capital

European venture capital firm founded 1996, investing across AI, fintech, healthcare, and enterprise across seed to growth stages.

Ranked on: #2 Top Health & Biotech Investors 2026 · #4 Most Active Series B Investors of 2026 (Ranked) · #5 Most Active Growth Investors of 2026 (Ranked) · Get your badge →

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At a glance

Index Ventures appears in 25 funding rounds tracked by ValueAddVC since 2021, leading 13. Its most frequent sectors in these rounds are AI & Infrastructure and Robotics & Mobility, and its most recent tracked deal was Duvo's $32M Series A round (Oct 14, 2026). It co-invests most often with Bessemer Venture Partners, Sequoia Capital and General Catalyst. ValueAddVC also tracks 14 funds managed by Index Ventures.

Strategy

Stages
SeedSeries ASeries BGrowth
Sectors
EnterpriseConsumerFintechGamingAI
Geographies
USALondon, England, UK
Check size
$1M-$100M

Recent changes

  1. Oct 14, 2026Invested in Duvo (Series A, $32M) Balderton Capital
  2. Oct 13, 2026Invested in Albert Invent (Series B, $55M) MarketMinute
  3. Oct 13, 2026Invested in Allara ($30M) AlleyWatch
  4. Oct 9, 2026Invested in Hone (Growth, $60M) FinSmes
  5. Oct 8, 2026Follow-on: Invested in Oratomic (Series B, $475M) SiliconANGLE
Earlier changes (15)
  1. Oct 6, 2026Invested in Spiko (Series B, $90M) Pulse2.com
  2. Sep 15, 2026Invested in Thatch (Series C, $108M) TechCrunch
  3. Sep 14, 2026Invested in Temporal (Series E, $550M) Temporal
  4. Sep 2, 2026Follow-on: Invested in Wonderful (Series C, $550M) TechCrunch
  5. Aug 27, 2026Town Nears $1B Valuation in Index-Led Round Pulse story
  6. Aug 26, 2026Invested in Instinct (Series B, $250M) TechCrunch
  7. Aug 25, 2026Accel-Backed Keenable Raises $26M to Index Web for AI Pulse story
  8. Jul 30, 2026Invested in Simile (Series B, $200M) TechCrunch
  9. Jul 27, 2026Invested in Enigma (Seed, $71M) Calcalist
  10. Jul 22, 2026Invested in Glow (Series A, $180M) TechCrunch
  11. Jul 17, 2026Invested in Brinc ($125M) Crunchbase News
  12. Jul 16, 2026Follow-on: Invested in Fireworks AI (Series D, $1.505B) SiliconANGLE
  13. Jul 14, 2026Invested in Chai Discovery (Series C, $400M) Law360
  14. Jul 10, 2026Invested in Oratomic (Series A, $300M) TechCrunch
  15. Jul 1, 2026Invested in TwelveLabs (Series B, $100M) PYMNTS

Funds

14
FundVintageSizeStrategySource
Index Ventures Venture Fund XIII2026—Venture
As of May 8, 2026SEC EDGAR Form D
Index Ventures 2024 Venture and Growth Funds2024$2.3BGrowth
As of Jul 2024Wikipedia
Index Ventures Growth Fund VII2024—Growth
As of Jun 22, 2026SEC EDGAR Form D
Index Ventures Venture Fund XII2024—Venture
As of May 13, 2024SEC EDGAR Form D
Index Ventures Seed Fund II2022$300MSeed
As of 2022Wikipedia
Show 9 earlier funds
FundVintageSizeStrategySource
Index Ventures Growth Fund VI2021$2BGrowth
As of Aug 3, 2021SEC EDGAR Form D
Index Ventures Venture Fund XI2021$900MVenture
As of Aug 3, 2021SEC EDGAR Form D
Index Ventures 2021 Funds2021$3.1BFlagshipAcross early-stage ($900M), growth-stage ($2B), and a seed fund ($200M)
As of 2021Wikipedia
Index Ventures Growth V (Jersey)2020$1.2BGrowth
As of Apr 9, 2020SEC EDGAR Form D
Index Ventures Venture Fund X2020$800MVenture
As of Apr 9, 2020SEC EDGAR Form D
Index Ventures Growth Fund IV2018$1BGrowth
As of Jul 16, 2018SEC EDGAR Form D
Index Ventures Venture Fund IX2018$650MVenture
As of Jul 16, 2018SEC EDGAR Form D
Index Ventures Venture Fund VIII2016$550MVenture
As of Feb 10, 2016SEC EDGAR Form D
Index Ventures Growth Fund III2015$706.16MGrowth
As of Apr 1, 2015SEC EDGAR Form D

Portfolio

23 total
DuvoAlbert InventAllaraHoneOratomicSpikoInstinctThatchTemporalCohereMistral AIWonderfulSimileEnigmaGlowBrincFireworks AIChai DiscoveryTwelveLabsPlaidFomoDecagonPhysical Intelligence

Recent Investment Activity

20

Track record: led 13 and participated in 12 of 25 tracked venture rounds · 24 in the last 12 months · led 3 Series B, 3 Series C, 2 Series D, 2 Series A

DateCompanyEventRoleAmountValuationInvestorsSource
Oct 14, 2026DuvoSeries AParticipated$32M—
Balderton CapitalLeadunverifiedIndex VenturesunverifiedNorthzoneunverifiedCredo Ventures
Balderton Capital
Oct 13, 2026Albert InventSeries BParticipated$55M—
TCVLeadunverifiedDelta-v CapitalunverifiedCoatue ManagementunverifiedIndex VenturesunverifiedApplied VenturesunverifiedSocium VenturesHighSage VenturesCoral CapitalLegion VC+1 more
MarketMinute
Oct 13, 2026Allarafunding roundLed$30M—
Index VenturesLeadunverifiedGoogle Ventures (GV)LeadunverifiedCamino PartnersForegroundFamily Fund
Pulse story
Oct 9, 2026HoneGrowthLed$60M$285M
BenchmarkLeadunverifiedIndex VenturesLeadunverifiedElad Gilunverified
Pulse story
Oct 8, 2026OratomicSeries BLed$475M$5.5B
ARCH Venture PartnersLeadunverifiedSpark CapitalLeadunverifiedKhosla VenturesLeadunverifiedIndex VenturesLeadunverifiedGeneral CatalystLeadunverifiedBezos ExpeditionsLeadunverified
SiliconANGLE
Oct 6, 2026SpikoSeries BParticipated$90M—
New Enterprise Associates (NEA)LeadunverifiedIndex VenturesunverifiedBpifranceunverifiedFlourish VenturesunverifiedWhite Star CapitalunverifiedSpeedinvestShapersBlockwallFrst+5 more
Pulse story
Sep 15, 2026ThatchSeries CLed$108M$1B
General CatalystLeadIndex VenturesLeadThe General PartnershipAndreessen HorowitzADP VenturesPaychex
TechCrunch
Sep 14, 2026TemporalSeries EParticipated$550M$12.55B
Lightspeed Venture PartnersLeadWellington ManagementGoldman Sachs AlternativesTiger Global ManagementT. Rowe PriceSV AngelAndreessen HorowitzSequoia CapitalIndex VenturesGICSapphire VenturesAmplify Partners
Temporal
Sep 2, 2026WonderfulSeries CParticipated$550M$5B
Insight PartnersLeadIndex VenturesIVP (Institutional Venture Partners)Vine Ventures9Yards CapitalBessemer Venture PartnersSalesforce
TechCrunch
Aug 26, 2026InstinctSeries BLed$250M$2.5B
Index VenturesLeadBenchmarkLead
TechCrunch
Jul 30, 2026SimileSeries BParticipated$200M$2B
GreenoaksLeadIndex VenturesBain Capital VenturesCapital A PartnersunverifiedFactoryunverifiedCVS Health Ventures
TechCrunch
Jul 27, 2026EnigmaSeedLed$71M—
Index VenturesLeadRibbit CapitalLead
Pulse story
Jul 22, 2026GlowSeries AParticipated$180M$1.2B
Sequoia CapitalLeadCyberstartsGreenoaksRedpoint VenturesIndex VenturesSwish VenturesLux CapitalOperator CollectiveHolly Ventures
TechCrunch
Jul 17, 2026Brincfunding roundParticipated$125M—
Motorola SolutionsLeadIndex VenturesDylan Field
Crunchbase News
Jul 16, 2026Fireworks AISeries DLed$1.505B$17.5B
Atreides ManagementLeadIndex VenturesLeadTCVLeadNvidiaEvantic CapitalunverifiedLightspeed Venture Partnersunverified20VC FundunverifiedBessemer Venture PartnersunverifiedMenlo Venturesunverified
SiliconANGLE
Jul 14, 2026Chai DiscoverySeries CLed$400M$3.8B
Index VenturesLeadCrunchbase NewsKleiner PerkinsCrunchbase NewsSequoia CapitalCrunchbase NewsDimensionCrunchbase NewsBaillie GiffordunverifiedBain Capital VenturesunverifiedBattery VenturesunverifiedMenlo VenturesunverifiedSapphire Venturesunverified
Law360
Jul 10, 2026OratomicSeries AParticipated$300M$7 billion
ARCH Venture PartnersLeadSpark CapitalLeadKhosla VenturesLeadBezos ExpeditionsIndex VenturesGeneral CatalystLowercarbon CapitalBain Capital
TechCrunch
Jul 1, 2026TwelveLabsSeries BParticipated$100M—
New Enterprise Associates (NEA)LeadNAVER VenturesLeadAmazonRadical VenturesKorea Investment PartnersIndex VenturesQuadrille CapitalRed Bull Ventures
PYMNTS
Jun 22, 2026FomoSeries BLed$75M—
Index VenturesLeadunverified
Index Ventures
Mar 12, 2026WonderfulSeries BParticipated$150M$2B
Insight PartnersLeadIndex VenturesIVP (Institutional Venture Partners)Bessemer Venture PartnersVine Ventures
TechCrunch

Sector / Stage Activity

By sector (portfolio)
AI infra
8 · 35%
Robotics
3 · 13%
Enterprise SaaS
2 · 9%
Fintech
2 · 9%
Chemistry
1 · 4%
Healthtech
1 · 4%
Biotech
1 · 4%
Crypto
1 · 4%
Cybersecurity
1 · 4%
Quantum computing
1 · 4%
By stage (tracked rounds)
Series B
8 · 40%
Series A
5 · 25%
Series C
4 · 20%
Series D
2 · 10%
Growth
1 · 5%
Series E
1 · 5%
Seed
1 · 5%

Co-Investors

12
Sequoia Capital · 6 sharedAndreessen Horowitz · 4 sharedGeneral Catalyst · 4 sharedHanwha Asset Management · 4 sharedSV Angel · 4 sharedBain Capital Ventures · 3 sharedCoatue Management · 3 sharedConviction · 3 shared9Yards Capital · 1 sharedFlourish Ventures · 1 sharedMotorola Solutions · 1 sharedRed Bull Ventures · 1 shared

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Value Add Research

Latest Pulse

  1. Duvo Raises $32M Series A For Its Enterprise Execution OSDuvo has raised a $32 million Series A led by Balderton Capital to expand its 'Enterprise Execution OS,' a platform for running company operations with people and AI agents together, into the U.S. retail and CPG market.→
  2. Allara Raises $30M, Tops $75M For Women's HealthAllara, a virtual insurance-covered women's health company founded by Rachel Blank, raised a $30M round with increased commitments from existing backers Index Ventures and GV, bringing its total funding to $75M.→
  3. Albert Invent Raises $55M To Scale Chemistry AIAlbert Invent raised a $55 million Series B led by TCV on Oct. 13 to expand its chemistry-native AI platform, pushing the Oakland startup's disclosed funding past $100 million.→
  4. Hone Raises $60M At $285M ValuationHone, a San Francisco startup building autonomous AI systems for enterprise outcomes, raised $60 million at a $285 million valuation in a round led by Benchmark and Index Ventures, with Elad Gil also participating.→
  5. Oratomic Triples To $5.5B Valuation In Three MonthsQuantum computing startup Oratomic raised a $475 million Series B at a $5.5 billion valuation, up from $1.5 billion three months ago, the same day rival Universal Quantum closed a $100 million-plus Series A.→
  6. Spiko Raises $90M To Make Idle Cash Earn Yield NonstopSpiko raised a $90 million Series B led by New Enterprise Associates to expand its multi-currency tokenized cash fund platform, which already manages about $2.7 billion for more than 10,000 businesses across 25-plus jurisdictions.→
  7. Instinct Closes $1B Series C At $10B ValuationPersonal AI-agent startup Instinct has closed a $1 billion Series C at a $10 billion valuation, finalizing a round that had only been reported as a possibility at a similar size.→
  8. Temporal Raises $550M As Agentic AI Needs Durable CodeTemporal Technologies raised a $550 million Series E (announced September 14) at a $12.55 billion valuation led by Lightspeed, as demand for durable execution infrastructure grows alongside longer-running agentic AI workloads.→
  9. CrowdStrike, Okta Trade Rich On An Unproven AI PayoffCrowdStrike and Okta shares trade at premium multiples on the bet that AI-agent security spending will justify them, with the S&P Kensho cybersecurity index up 41% this year versus 11% for the S&P 500.→
  10. Thatch Hits Unicorn Status As Health Costs SurgeThatch, an ICHRA marketplace that lets employers fund individual health plans instead of one group policy, raised a $108 million Series C at a $1 billion valuation as revenue grew nearly sevenfold over the past year.→
  11. Savvy Wealth Raises $100M At $600M ValuationAI-native RIA platform Savvy Wealth closed a $100 million Series C at a $600 million valuation led by Ryan Smith and Ryan Sweeney's Halo Fund, after growing recruited assets past $4 billion this year.→
  12. Claude Mythos Aces Booz Allen's Cyber Weapon IndexBooz Allen's benchmark scored Anthropic's Claude Mythos at 80 on its Cyber Weapon Index -- the only model of 18 tested to autonomously complete a full cyberattack kill chain -- well ahead of xAI's Grok-4.5 at 49 and OpenAI's GPT-5.6 Sol at 46.→
  13. Wonderful Doubles Valuation to $5B in Six MonthsThe enterprise AI operating system startup raised $550 million led by Insight Partners with Salesforce joining as a new investor, more than doubling its valuation from $2 billion just six months after its last round.→
  14. Profound Raises $96M to Own AI Search AnswersProfound raised a $96 million Series C led by Lightspeed to help brands track and influence how they get cited inside AI chatbot answers, the generative engine optimization category forming as search shifts from links to answers.→
  15. The Startups Building AI Agents That Shop for YouVenture capital is fanning out across every layer of agentic commerce at once -- multipurpose shopping agents, deal-finding assistants, and the payment plumbing agents need to transact -- with real usage and real failures alike.→
  16. Instinct Raises $250M at $2.5B, Four Months OldInstinct, a personal AI assistant still in private testing, raised a $250 million Series B led by Index Ventures and Benchmark at a $2.5 billion valuation, up from roughly $50 million four months ago.→
  17. Town Nears $1B Valuation in Index-Led RoundEnterprise AI assistant Town is raising at roughly a $1 billion valuation in a round led by Index Ventures, the second personal-assistant startup to reach a billion-dollar mark in a week.→
  18. Instinct Hits $2.5B Valuation on $350M RaisedInstinct, the personal AI assistant built by 23-year-old founder Noah Shinn, has raised $350 million in total including a $250 million Series B co-led by Index Ventures and Benchmark at a $2.5 billion valuation.→
  19. Instinct's Valuation Rockets to $2.5B in WeeksInstinct, a four-month-old AI assistant startup led by 23-year-old Noah Shinn, raised $250 million at a $2.5 billion valuation co-led by Index Ventures and Benchmark, up fivefold from $500 million just weeks earlier.→
  20. Accel-Backed Keenable Raises $26M to Index Web for AIKeenable, founded by former Yandex and Amazon Alexa search engineers, raised a $26 million seed round led by Accel to build a web search index purpose-built for AI agents rather than human browsers.→
  21. Reddit Joins the S&P 500 on a Stunning TurnaroundReddit joins the S&P 500 before markets open on August 18, becoming only the second pure-play social media company in the index after Meta, following a stock rally triggered by the inclusion announcement.→
  22. Reddit Stock Jumps on S&P 500 InclusionReddit will join the S&P 500 on August 18, replacing AvalonBay Communities, sending shares up more than 10% and making it only the second pureplay social media company in the index after Meta.→
  23. Kospi Roars Back Into Bull Market on Chip ReboundSouth Korea's Kospi index climbed more than 20% from its July low to re-enter bull-market territory, driven by Samsung and SK Hynix shares recovering sharply after the same two chipmakers had driven 71% of the index's July losses.→
  24. Grok 4.6 Ties GPT-5.6 Sol at Half the PriceSpaceXAI's Grok 4.6 scored 61 on the Artificial Analysis Intelligence Index, tying GPT-5.6 Sol Max and surpassing Kimi K3, while pricing at $2/$6 per million tokens -- roughly half the going rate for comparable models.→
  25. Decagon Crosses $100M ARR Betting Against Forward-Deployed EngineersDecagon, a three-year-old AI customer-service agent startup valued at $4.5 billion, crossed $100 million in annualized revenue while deliberately avoiding the forward-deployed engineer model rivals like Sierra use to customize deployments.→
  26. Caris Leads a Wild Week for Recent IPO StocksCaris Life Sciences jumped 21.6% on a beat-and-raise quarter while BillionToOne fell 29.8% despite beating estimates, the sharpest split in the Renaissance IPO Index in weeks.→
  27. DeepSeek's V4-Flash Is Now the Cheapest AI Model to RunDeepSeek's V4-Flash costs roughly 3 cents per benchmark test to run -- more than 100 times cheaper than Anthropic's Claude Fable 5 -- while scoring meaningfully lower on Artificial Analysis's Intelligence Index.→
  28. Stoxx 600 Hits a Record as European Equities RallyEurope's benchmark index set an all-time high, extending a global equity rally that also carried the S&P 500 and Dow to records this week on strong earnings and easing oil prices.→
  29. TwelveLabs Raises $100M to Build Video SuperintelligenceTwelveLabs raised a $100M Series B co-led by NEA and NAVER Ventures to expand beyond video-understanding models into a full-stack agentic system combining perception, knowledge and reasoning for video.→
  30. Kospi Jumps a Record 18% as Samsung, SK Hynix SoarSouth Korea's benchmark index posted its largest single-day gain on record after Samsung Electronics and SK Hynix surged on renewed confidence in AI-chip demand, following Microsoft's blowout cloud earnings.→
  31. Thinking Machines Debuts Inkling Small Open ModelThinking Machines released Inkling-Small, a 276-billion-parameter open-weight multimodal model that matches its larger 975-billion-parameter Inkling predecessor within one point on the Artificial Analysis Intelligence Index.→
  32. Simile Raises $200M to Simulate Human Behavior at ScaleSimile raised a $200 million Series B led by Greenoaks at a $2 billion valuation, just five months after its $100 million Series A, to build foundation models that simulate how humans will respond to products and decisions before they ship.→
  33. Simile Raises $200M at $2B to Simulate Human BehaviorSynthetic-user startup Simile closed a $200 million Series B at a $2 billion valuation, just five months after its $100 million Series A, to scale AI simulations that predict how real people will behave.→
  34. Enigma Emerges From Stealth With $71M Robot SeedEnigma emerged from stealth with a $71 million seed round to build AI foundation models and simple control interfaces that work across any robot hardware.→
  35. Fomo Raises $75M Series B for Consumer Crypto TradingConsumer crypto trading app Fomo raised a $75 million Series B led by Index Ventures at a $550 million valuation, adding equities and prediction markets after its first year saw $4 billion in trading volume.→
  36. Anthropic Launches Economic Index Connector for ClaudeAnthropic launched a Claude connector for its Economic Index research, letting anyone query real AI-usage data by occupation and task directly inside Claude rather than reading static reports.→
  37. Glow Exits Stealth With $180M at $1.2B ValuationGlow, founded by former Meta, Snowflake and Claroty executives, emerged from stealth with $180 million at a $1.2 billion valuation to rebuild endpoint security for a world where AI agents, not just employees, operate on corporate devices.→
  38. Glow Emerges From Stealth as $1.2B Security UnicornAI-native endpoint security startup Glow emerged from stealth with $180 million in funding at a $1.2 billion valuation, led by Sequoia, Cyberstarts, Greenoaks and Redpoint Ventures.→
  39. Chip Stocks Enter Bear Market as AI Rally CracksThe Philadelphia Semiconductor Index has fallen 24% from its June record into a confirmed bear market after Moonshot AI's cut-rate Kimi K3 model undercut the thesis that frontier-adjacent AI requires frontier-level compute spend.→
  40. Why AI Term Sheets Cleared While Chip Stocks CrateredThe same week the Philadelphia Semiconductor Index fell into a bear market and Alphabet lost roughly $200 billion in a day, VCs closed more than $2 billion in new AI and fintech infrastructure rounds -- a split that rarely lasts.→

Index Ventures FAQ

How large are Index Ventures' funds?

Index Ventures funds Value Add tracks include Index Ventures 2024 Venture and Growth Funds ($2.3B, 2024); Index Ventures Seed Fund II ($300M, 2022); Index Ventures Growth Fund VI ($2B, 2021); Index Ventures Venture Fund XI ($900M, 2021), out of 14 Index Ventures funds tracked in total.

What companies has Index Ventures invested in?

Index Ventures' portfolio includes Duvo, Albert Invent, Allara, Hone, Oratomic, Spiko, and 17 more tracked companies.

Who does Index Ventures co-invest with most?

In the rounds Value Add tracks, Index Ventures most often invests alongside Sequoia Capital (6 shared deals), Andreessen Horowitz (4 shared deals), General Catalyst (4 shared deals), Hanwha Asset Management (4 shared deals), SV Angel (4 shared deals).

Sources & methodologyshow
Where these figures come from

Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.

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