Index Ventures Has Been on a Run. Now It’s Raising Funds to Keep It Up

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LONDON — When Adyen, a Dutch monetary funds processor, started buying and selling publicly final month — and practically doubled its inventory worth on its first day — companions at Index Ventures had purpose to cheer.

It was the second funding by the enterprise capital agency to money out in a short while. Only a month earlier, the European cellular funds firm iZettle was bought to PayPal for $2.2 billion, or practically double what that the start-up had hoped to fetch in its personal preliminary public providing.

Index, based in Switzerland in 1996 and now primarily based in London and San Francisco, is attempting to grab on the second and amass extra monetary firepower.

And whereas Index has had a outstanding run thus far this yr — along with Adyen and iZettle, it was an early backer of the file-sharing firm Dropbox, which went public in March, and the speaker firm Sonos, which simply filed for an preliminary providing — repeating that efficiency shall be troublesome.

Drew Houston, chief government of Dropbox, through which Index invested in 2012, requested for assist transferring into worldwide markets, with Index serving to to introduce the corporate to European cellphone carriers to create partnerships.

“We have been actually focused on international growth,” Mr. Houston stated in a phone interview. “By beginning in Europe, they convey that international perspective first.”

And Vladimir Tenev, the chief government of the net monetary brokerage app Robinhood, stated he frequently asks the Index companion Jan Hammer, who gave him his first enterprise financing, for ideas on political developments that would have an effect on regulation of firms like his.

In the meantime, Index stated that its international perspective helped it acknowledge early the potential for Chicken, one of many massive electrical scooter sharing firms. Martin Mignot, a London-based companion, stated that the success of comparable companies in Europe persuaded the agency to be an early backer and participate within the firm’s Collection B spherical in March at a $400 million valuation.

Chicken raised cash once more final month at an infinite $2 billion valuation, with Index once more collaborating.

With the brand new fund, Index’s companions plan to do extra of what they’re already doing: being among the many first buyers in firms, reasonably than attempting to observe rivals into ever-bigger investments.

“We’re sticking to our knitting,” Mr. Hammer stated.

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