- Commission-free trading app Robinhood drives explosive growth, raises series B
Over 800,000 people waited for months before getting this company’s official invite to join this past March. Over $500 million has been transacted so far through the platform and over $12 million in commissions have been saved. Their average user is 26 and new to managing an investment portfolio online (or anywhere, for that matter).
- What comes after the family?
Restlessness is a key element of the entrepreneurial spirit and as anyone who knows me well will tell you, I am an entrepreneur to my very bones. After eight amazing years where Index has been my home, I will be moving on this summer to follow my passion — creating new companies and working with founders at the formational stages of their businesses as they plot product, team and go-to-market strategy.
- What the NHS should do to drive innovation at scale within the UK healthcare system
In 2014, $4bn was invested in digital health start-ups in the US alone. Insurers, employers and providers are all coming to recognise the benefits that technology can offer. Yet, on this side of the pond, in England, key decision makers have been far slower to act, depriving the local healthcare system of much needed innovation.
- Check Point Software To Acquire Lacoon Mobile Security
Check Point® Software Technologies Ltd., the largest pure-play security vendor globally, today announced its intention to acquire Lacoon Mobile Security. Lacoon is leading the industry in providing a solution to secure the entire mobile device, with the best advanced threat catch-rate for enterprise-grade mobile security platforms.
- Founder stories: Podcast with Drivy's Paulin Dementhon
Martin Mignot from Index Ventures chats with CEO and founder of Drivy Paulin Dementhon. Drivy, the world’s leading peer-to-peer car rental company with 500,000 users and 26,000 cars on its platform, has just acquired challenger Buzzcar and raised €8m for international expansion.
- Europe’s largest peer-to-peer car rental service Drivy acquires Buzzcar and raises €8m for international expansion
Drivy, the world’s leading peer-to-peer car rental company, has acquired challenger Buzzcar and raised €8m for international expansion from BPI’s Ecotechnologie Fund and Via-ID (Mobivia Group, former owner of Buzzcar) as well as early investors Index Ventures and Alven Capital. This third round of funding brings to €16 million the total amount raised by the company.
- Everything Must Go – why a retail revolution is transforming the industry for the better
Technology-powered innovation is rapidly reshaping industries as diverse as financial services and entertainment, changing delivery and business models, stripping out middle men and pitching agile, nothing-to-lose upstarts against even the largest of incumbents.
- Zuora Receives $115 Million Investment as Subscription Economy Goes Mainstream
Today's $115 million funding announcement from Zuora underscores the significant shift all companies are making toward subscription business models. The latest funding round brings the total amount of capital raised by Zuora to $250 million.
- ALKEMICS, the smart data expert for CPGs and grocery retailers, raises €5MAlkemics, the smart data expert providing online services for FMCG companies, today announced that it has closed a EUR 5 million Series A round of funding. The round was led by Index Ventures, along with Partech Ventures.
- MyOptique Group serves its millionth customer and raises £16 million
MyOptique Group, Europe’s leading online optical retailer, today announced it has secured £16 million (€20m) additional investment, bringing the total raised in its current Series C funding round to £35 million (€43m). At the same time it has posted its year end results, showing EBITDA profitability for the second year running.
- Canon acquires Milestone to make major advance in network video surveillance business
Canon, world leader in imaging solutions, today announced it has signed an agreement to acquire Denmark-based Milestone Systems A/S, a world leading provider of open platform video management software, via its subsidiary Canon Europa N.V.
- Zendesk, Inc. Announces Pricing of Initial Public Offering
Zendesk, Inc. today announced the pricing of its initial public offering of 11,111,111 shares of its common stock at a price of $9.00 per share. The shares are expected to begin trading on the New York Stock Exchange on May 15, 2014 under the ticker “ZEN.”
- #GIRLBOSS by Sophia Amoruso, Founder and CEO of Nasty Gal
In 2002, Sophia Amoruso was hitchhiking up and down the West Coast, dumpster diving for meals and dabbling in petty thievery. Fast forward to 2014: Sophia Amoruso is the Founder and CEO of Nasty Gal, the fastest growing online fashion retailer in the country.
- Bitcoin payments pioneer BitPay raises record $30M in Series A led by Index Ventures
BitPay, the world leader in business solutions for Bitcoin digital currency, today announces a Series A funding round of $30M (€22M), led by Index Ventures, with participation from Horizons Ventures, Founders Fund, Felicis Ventures, RRE Ventures, TTV Capital, Sir Richard Branson, and AME Cloud Ventures.
- Europe’s largest peer-to-peer car rental service Drivy raises €6m to expand internationally
Drivy hits 250,000 users mark and 20% month-to-month growth, as people forgo buying a car to rent one from neighbours instead. Average car owner on Drivy makes €1,000 a year from a car that would otherwise sit idle.
- Pure Storage Raises $225M, Valued at Over $3B by Leading Public Market Investors
With Plans for Continued Business Acceleration, Pure Storage Raises New Capital to Meet Market Demand, Expand Global Footprint and Preserve Long-Term Independence in Pioneering the All-Flash Future for Enterprise Storage.
- King Announces Pricing of Initial Public Offering
LONDON and STOCKHOLM -- King Digital Entertainment plc (NYSE: KING), a leading interactive entertainment company for the mobile world, today announced the pricing of its initial public offering of 22,200,000 of its ordinary shares at a price to the public of $22.50 per share.
- Hortonworks to Extend Leadership of Enterprise Hadoop and Expand Ecosystem with $100M Funding
Hortonworks, the leading contributor to and provider of enterprise Apache™ Hadoop®, today announced an oversubscribed $100 million funding round led by funds managed by BlackRock and Passport Capital, joined by all existing investors.
- Anki: why the demo sealed the deal
If ever there was a case of a demo sealing the deal, then this was it. From the moment we saw Anki Drive cars racing around their track, our minds were made up. Those hundreds of hours I’d spent as a kid, battling electric-powered cars against my friends came flooding back.
- The end of retail (as we know it)
The carnage on the British High street - and its Main Street, USA equivalent - is no blip. The cycle of decline, which has seen a run of recent closures of UK household name retailers and a total of more than 200 medium or large retail businesses going bust over the past five years, is here to stay.
- Rethinking wealth management
When our good friend, Andy Rachleff, started Wealthfront with Dan Carroll a few years back, they held a revolutionary belief about how money should be managed. Having been a trustee of several university endowments, Andy had seen how larger and more sophisticated investors managed their funds.
- The economics of freemium
Economics is occasionally derided as a phony science. Frankly I struggled with it school and university so to me this description really resonates. How can the graphs and formulae in the textbooks ever really capture the behavior of complex organizations and impulsive consumers?
- We are the 8%
“Flatlining”, “pre-recovery”, “stagnant”, “sluggish” - we’re running out of adjectives to describe the UK’s seemingly moribund economy. Stripped of its AAA rating last weekend, it shrank by 0.3% in the final quarter of last year , and - amid signs of a possible triple dip recession - more of the same is predicted for 2013.
- A new beginning in networking
When Guido and Kyle were looking for a name for their newly founded company, they were struggling to come up with something that captured the breadth of their vision for what they foresaw as the future of the networking business. They could have found another randomly-generated five or six letter Latin-sounding name, but that didn’t seem to do the vision or the company justice.
- Investors should not be wary of VC-backed tech
The ‘campaign’ to kickstart the London tech IPO market is underway. The blog posts that Neil Rimer and I both published have attracted a lot of press attention. The engagement we’ve had with No10 and the LSE should result in some small but important regulatory changes that should be seen as important steps towards making London a major hub for tech IPOs.
- Go big, stay at home
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.