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Index Ventures raises $550 million fund

Index says it will invest in early-stage companies in Europe, the US, and Israel.


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Index Ventures has raised €400 million ($550 million) for its seventh fund, which it will use to invest in early-stage companies in Europe, the US, and Israel, as it has done before. Index Ventures’ investments include Facebook Inc. (Nasdaq: FB) and Skype.

Index Ventures partner Saul Klein, a well-known figure in the Israeli start-up scene, said that in the past 12 months, the firm had made seven exits of portfolio companies with values of over $1 billion, including King Digital Entertainment plc (NYSE: KING), the creator of Candy Crush. “This is what we are seeking with the new fund; to invest in companies with the potential of becoming billion-dollar companies and be global leaders in their fields. The $1 billion threshold is the new threshold that American, European, and Israeli entrepreneurs are striving for. Our goal is to be involved with these entrepreneurs, ” he said.

Index Ventures’ portfolio includes Dropbox, Etsy, Flipboard, and SoundCloud. It says that the aggregate revenue of its portfolio companies was $8.2 billion in 2013, 117% more than in 2012.

In Israel, Index Ventures saw one exit in the past 12 months – Soluto Ltd., which was sold in late 2013 for $130 million. It also invested in two late-stage companies that are candidates for IPOs soon:Outbrain Inc. and MyHeritage Ltd. Last year, it led the $8 million financing round by cyber company Lacoon Mobile Security Ltd.

Published by Globes [online], Israel business news – 



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