Index Ventures closes €500m fund

Index Ventures Growth Fund II (IG II) is a follow-up to Index Ventures Growth Fund I, which closed on €400m in 2007. The fund was raised over the past six months and reached its target. It has a lifespan of 10 years.

Index declined to comment further on the fundraise for the time being.

Investors
The fund will rely on commitments from previous investors.

Investments
The fund will make investments of €10m to €50m targeting early and late-stage companies. Geographically, it will not be limited, but targeting businesses with plans to expand internationally.

Index has already made its first investment from the fund, backing US online storage company Dropbox.

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