Make Way For More Tech Investment: Index Ventures Raises Another €350M Fund

The economic signals coming from Europe are leading some to predict a big drop in startup investments up ahead, but that's not the message coming from one of the region's biggest VC firms. Index Ventures has just announced a new fund of €350 million ($442 million), which it intends to use for early-stage investments in the tech sector covering seed, Series A and Series B investments that will ultimately split between 30 venture startups and 40 seed companies in Europe or looking to do more in Europe as well as internationally. A primary reason for the fund is that despite the millions in European tech funding to date, it's still only a patch on what could be invested. "There is still a huge opportunity for investing in Europe, but there aren't that many VCs here that focus on early stage," Index partner Danny Rimer said in an interview with TechCrunch.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/kxA-wFfWBhw/

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