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New $440m Investment Fund Raised

This new fund is its fifth in the last 10 years
By Maureen O'Gara
Article Rating:
March 4, 2009 11:30 AM EST
Reads:
 2,855

Snapping its fingers under the nose of the "Great Recession," Index Ventures has closed a 350 million euro investment fund, a little pile worth upwards of $440 million, that it means to trickle into high-tech start-ups that need seed money and early stage capital.

It's thinking ventures in the cloud, alternative payments, mobile and e-commerce as well as virtualization and clean technology that are located in the US, Israeli and Europe - and its map of Europe jumps the Urals and goes into Russia.



A European operation in business since 1996, Index backed Skype - before it went to eBay - MySQL - before Sun bought it for a billion dollars cash - and Last.fm - before CBS bought the social music platform.


This new fund is its fifth in the last 10 years.

It currently has money in Criteo (France), DimDim (India), Lehigh Technologies (US), MyHeritage (Israel), NormOxys (France), OpTier (Israel), Playfish (UK), WooMe (UK/US) and RightScale (US). And it frequently ties up with VC outfits such as Sequoia, Accel and NEA as well as angel investors such as Mark Andreessen.

We should also probably report that the partner we spoke with, Danny Rimer, is a nice man who doesn't appear to have horns or a tail at all.

Published March 4, 2009 – Reads 2,855
Copyright © 2009 SYS-CON Media, Inc. — All Rights Reserved.
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More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025.

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