Index closes $200 million dedicated seed fund to intensify multi-stage thesis
The once quiet world of seed investing became frenetic a few years ago as dedicated seed funds and angel networks increased in scale and velocity. That environment has now crescendoed into the present world of the seed capital hurricane: funds galore, solo capitalists splurging streams of rolling-capital dollars wherever they can find a cap table crevice, crowdfunding cash sloshing around — and in the eye of the storm are the founders looking to just snag a term sheet for their companies and get back to work.
Into that maelstrom comes Index Ventures, which today announced the close and launch of a new $200 million dedicated seed investing vehicle it’s dubbed Index Origin. The fund’s name pays homage to the firm’s long-standing commitment to seed and first-check investing, where it has backed companies as diverse as Robinhood, Figma, Deliveroo and Wise (aka the rebranded TransferWise) at the seed state.