Index Ventures has raised EUR 400 million for its first growth capital fund. The firm's growth team includes Index co-founder Giuseppe Zocco, former Yahoo Europe CEO Dominique Vidal and Guido Magni, global head of medical science in the pharma division of F. Hoffman-La Roche Ltd. The fund expects to make investments of between EUR 20 million and EUR 50 million in European companies.
Index Ventures today announced the closing of the EUR 400 million Index Ventures Growth I L.P. The fund is the first of its kind raised by a European venture capital firm and was formed to address the market opportunity created by the maturation of
The growth investment team, which will be fully integrated into the existing investment team, will be led by: Index co-founder
“Index has been investing in European start-ups since 1996 so we've had front row seats to watch the industry expand and mature,” said
The fund expects to make investments of between EUR 20 million and EUR 50 million in European-based companies. The team will also selectively consider companies in Eastern Europe and the
“Our goal with the Index Ventures Growth Fund is to partner with entrepreneurs who have built successful, quickly growing businesses that have reached a stage when they are considering strategic alternatives including being acquired.” said Dominique Vidal. “In many of these cases, investing additional capital and time in the business will result in a much greater long-term payoff and allow the entrepreneur to continue growing his or her company into a market leader.”
Vidal and Magni bring decades of operating experience to Index, supplementing Zocco's long history with the firm. The team will also include Tony Zappal