Here at Index, our conference rooms often play host to ardent debates. Robust discourse over where we should invest is an ingrained part of our culture. But when it comes to the fundamental issues that allow us to act on our mission of promoting the entrepreneurial ecosystem, we are generally in violent agreement. Over the last few months, we have mobilised around one major issue: to open the London IPO market and allow homegrown companies to realize their full potential.
Search Our Blog
- Twitter API is Currently Down.
Above the Crowd
Both Sides of the Table
First Round Capital
Master of 500 Hats
Together we can get the Tech IPO market going in London
From our vantage point at Index, the centrality of the Tech sector to economic growth -- particularly during the economic slowdown of the last few years -- is all too clear.
A recent piece in the FT reiterated this point. Ed Hammond, the paper's property correspondent reviewed the shifting make-up of the City and the steady transformation of the tenant mix in the Square Mile.
Today we’re delighted to announce our new €350m early stage technology fund. It’s the final piece of €1bn of new capital we’ve raised in the last 12 months to complement the international platform we have been building to invest in both early stage and growth technology as well as life sciences companies.
I had a professor in college who explained financial markets by saying the that world was full of those looking to receive and those looking to provide certain cash flows with very specific parameters, such as timing, size, yield, currency, etc. The role of the financial markets and their facilitators, he said, is simply to match these cash flows.
We are very excited to announce that Sophia and the Nasty Gal team have agreed to partner with Index to build the next stage of what is already an incredibly successful startup.
For those of you who don't know about Nasty Gal, it is one of the fastest growing fashion etailers out there. Nasty Gal is great illustration of what happens when you marry ambition and vision with the need to be scrappy and resourceful to build your business.
We first started investing in London in 2001 when we backed two American former consultants - Josh Hannah and Vince Monical - who had moved here to start Flutter, the business which later became Betfair. In fact, it’s pretty remarkable how far London has come in entrepreneurial terms since we made that first investment and Danny opened our first London office on Clifford Street in 2002.
Today as we announce the news that we’re launching Index’s second growth equity fund, a new €500m fund to invest in fast-growing businesses, it seems like a good chance to take stock and give a little context.
One area where we are committed to enhance our proposition to entrepreneurs and invest more time and money is the Nordic and Baltic area. Index Ventures has already invested a disproportionately high share of funds and time here relative to the size of the markets. Here we reflect on what Index has been up to in the region, and just why it creates so many innovative and successful tech companies.
Having noticed that Melbourne seemed to be popping up as a hot-spot over the last few years with the emergence of Atlassian and 99designs, I asked Steve Lipchin, a business school friend who recently moved there from South Africa, to let me know what companies he thought we should look at. A few weeks later, Steve put me in touch with Kaggle.
Just a short note to offer big congratulations to the amazing team at The Gifts Project on their acquisition by eBay.
We’ve had a relatively short relationship since we were lucky enough to have been introduced 12 months ago by Yossi Vardi in Tel Aviv, but it’s been an absolute pleasure and privilege to work with Ron, Erez, Matan, Maya and Eyal as they set about defining the landscape for social commerce from a small but killer office above an awesome restaurant on what has become the most famous road in Israel in the last 12 months.