We first invested in a Cambridge company in 1998 – two years after Index was founded. Our investment in Virata, a fabless semiconductor company, was a milestone for us, as it was our first major investment --and the biggest venture deal in Europe that year. It was also a highly significant moment in the story of the ‘Cambridge Phenomenon’ – Virata emerged from the city’s illustrious cluster of silicon companies.
Over the years, we have continued to be active investors in Cambridge, one of the key hubs of entrepreneurial innovation in Europe. This time, however, we’re backing a rather different proposition and one a world away from the hardware, software and bio-tech companies that Cambridge is best-known for – namely, The Cambridge Satchel Company.