- 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.
- Peoplevox raises $6M to offer state-of-the-art warehouse management software to booming e-commerce sector
Peoplevox, the leading provider of software-as-a-service warehouse management system, today announces a $6 million investment led by Index Ventures to help e-commerce companies modernise their warehouse operations. In a competitive and fast-growing market, seamless warehouse management is mission critical for all e-commerce players, with ineffective systems resulting in delayed, cancelled or wrong orders – which are damaging both to brand and customer loyalty.
- Supporting Zebras not just Unicorns
Now that nearly two billion people have smartphones in their pockets and software is profoundly changing the way we live and work, national and local governments around the world are paying serious attention to how the Internet is changing GDP. In an increasingly connected world, cities and countries are vying to attract the entrepreneurs and innovators who not just drive economic growth, but can also help to deliver against long-term policy objectives.
- TransferWise raises $58m as it rolls out global expansion plans
Andreessen Horowitz the venture capital firm created by Netscape and Opsware founders Marc Andreessen and Ben Horowitz - has led a Series C $58m round in Europe’s leading financial tech start-up TransferWise. TransferWise’s existing investors, including Sir Richard Branson, Peter Thiel’s Valar Ventures, Index Ventures, IA Ventures, and Seedcamp, also participated in the round.
- Investing in the Enterprise in 2015
Enterprise technology investing is probably in one of the most interesting places it has been in the last 20 years. The confluence of critical technology transition, open source software, mobility, and the consumerization of the enterprise has created fertile ground for the next generation of iconic enterprise companies.
- Stack Exchange Raises $40 Million Series D Financing
Stack Exchange, Inc., best known for Stack Overflow, a site where millions of developers have built and curated the largest online repository of programming knowledge in the world, today announced a $40 million round of Series D funding led by Andreessen Horowitz.
- 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.
- The Cambridge Satchel Company Raises $21M From Index Ventures
The Cambridge Satchel Company, the leather goods brand and maker of the original and best satchel, today announces funding of $21m from Index Ventures, backers of global brands and fashion retailers including ASOS, Moleskine, Net-á-Porter and Nasty Gal.
- MyOptique Group announces £8 million funding
MyOptique Group, Europe's leading online optical retailer selling prescription glasses (Glasses Direct, MyOptique), sunglasses (Sunglasses Shop) and contact lenses (LensOn), today announced it has secured £8 million in investment and appointed a new Chairman to bolster its aggressive international expansion plans.
- Criteo Prices Initial Public Offering
Criteo S.A. (CRTOF), a leading global technology company that specializes in performance display advertising, today announced the pricing of its initial public offering of 8,082,580 American Depository Shares, representing the company's ordinary shares, at a price to the public of $31.00 per American Depositary Share.
- 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.
- Our new €350m fund for early stage innovation
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.
- Who will open the London IPO window?
While investors (myself and my partners included), entrepreneurs, politicians and government officials collectively ballyhoo the coming of age of the London start-up scene and its steady stream of high-caliber entrepreneurs pursuing bold plans, we seem to be glossing over the fact that a key component of the ecosystem is sorely lacking.