Fresh off its Wiz payout, Index Ventures raises $2B across three funds

Index Ventures is one of the most prominent and longest-standing venture capital firms in Europe and the United States, with a 30-year history of backing transformative technology companies. Founded in London in 1996, the firm has grown to manage billions in assets across early-stage seed investments, venture capital, and growth-stage funding. Index has established a reputation for making disciplined, thesis-driven investments and maintaining close relationships with founders over the long term, rather than pursuing the rapid fund-size inflation that has characterized some of its competitors. The firm's recent performance has been exceptional, highlighted by the $32 billion sale of Wiz to Alphabet earlier this year. Wiz, a cloud security company, represents one of the most successful cybersecurity exits in history. Index first invested in Wiz at the seed stage and became its largest outside shareholder with a 12% stake, a position valued at approximately $3.8 billion according to Reuters. This return provided Index with significant capital to redeploy into new investments, setting the stage for its latest fundraise. Index's portfolio also includes other major success stories, including Figma (which went public in 2025) and Anthropic (the AI safety company in which Index invested at a $183 billion valuation in September 2025). The firm's AI bets span across robotics (Physical Intelligence), inference infrastructure (Fireworks AI), and frontier model development (Anthropic), positioning it as a significant player in the current AI investment wave.

Index Ventures is one of the most prominent and longest-standing venture capital firms in Europe and the United States, with a 30-year history of backing transformative technology companies. Founded in London in 1996, the firm has grown to manage billions in assets across early-stage seed investments, venture capital, and growth-stage funding. Index has established a reputation for making disciplined, thesis-driven investments and maintaining close relationships with founders over the long term, rather than pursuing the rapid fund-size inflation that has characterized some of its competitors. The firm's recent performance has been exceptional, highlighted by the $32 billion sale of Wiz to Alphabet earlier this year. Wiz, a cloud security company, represents one of the most successful cybersecurity exits in history. Index first invested in Wiz at the seed stage and became its largest outside shareholder with a 12% stake, a position valued at approximately $3.8 billion according to Reuters. This return provided Index with significant capital to redeploy into new investments, setting the stage for its latest fundraise. Index's portfolio also includes other major success stories, including Figma (which went public in 2025) and Anthropic (the AI safety company in which Index invested at a $183 billion valuation in September 2025). The firm's AI bets span across robotics (Physical Intelligence), inference infrastructure (Fireworks AI), and frontier model development (Anthropic), positioning it as a significant player in the current AI investment wave.

Index Ventures' successful fundraise demonstrates that disciplined venture capital can achieve outsized returns even in a market characterized by massive mega-funds and frothy valuations. The Wiz return, in particular, exemplifies the venture capital model at its best: an early, thesis-driven bet on a transformative company that generates returns sufficient to reinvest across an entire portfolio. The fundraising also signals continued investor appetite for AI-focused venture capital, as Index's recent AI investments have been central to its performance narrative.