Index Ventures

Index Ventures has raised $2.3bn in new funds—an $800m venture fund and a $1.5 billion growth fund. This capital will be deployed at a pivotal moment for the startup ecosystem, with the rise of: 🧠 Transformative technologies: Rapid advancements in AI and beyond are reshaping industries 🌍 Global talent: Deeper, more diverse pools of expertise 📈 Proven playbooks: Established strategies for hyper-growth These factors are converging and compounding to create unprecedented opportunities for founders around the world. Our thanks go out to our LPs for their continuous support, as well as to the founders past, present and future who choose to partner with us. Your trust and success have made this possible. Here’s a taste of what you’ve achieved so far: 🚀 108 Index-backed reached a $1bn valuation 🎉 23 surpassed a valuation of $10bn 🌐 57 have IPO’d 💪 200,000 jobs created Thank you! We're excited to forge new relationships and back the next generation of iconic startups. https://lnkd.in/gAGC5sqQ

“Having a CISO as early as $50 million in revenue is a must. In terms of what makes a CISO the right fit, there’s no one-size-fits-all checklist. A CISO’s ideal background will depend on the business’s needs.” For many founders, focusing on their product, team, and go-to-market strategy occupy most of their mental real estate in the early days of building a company. But, as Index Partner Shardul Shah shares in today’s Fortune Term Sheet, if they dream of ever making it to the IPO milestone, security needs to be a priority from day one. That starts with the right security leadership, and only increases in importance as a company gets closer to a potential public listing. Read more of Shardul’s interview in today’s Fortune Term Sheet 📰 https://lnkd.in/grMBigk6

Founders and leaders of Notion, Revolut and Wiz will soon come together for a strictly off-the-record conversation about scaling teams. Akshay Kothari from Notion, Antoine Le Nel from Revolut and Roy Reznik from Wiz will open up about what it takes to scale a startup to a $10bn valuation and beyond. 🎟️ Apply to join us on 10 September in London!  https://lnkd.in/e4FvupE4 You will leave with many actionable insights that will help you figure out how to find, hire, retain and lead people. You will also get your own copy Scaling Through Chaos, the most extensive research on scaling teams ever conducted, underpinned by an analysis of 200 successful companies. Don’t want to wait? Read the Scaling Through Chaos book online (https://lnkd.in/eCMmpgBv) and dive into the data with TeamPlan (https://lnkd.in/gzs6bvCA), an org design benchmarking tool to hire the right people, in the right roles, at the right time. #scalingthroughchaos

🇬🇧 Welcome to London Wiz! Great to have you here Roy Reznik 👋

Europe lacking ambition? Fintech mood downbeat? Startup growth slowing down? Clearly nobody told Revolut. Excited to be sharing the stage with CEO and co-founder of Revolut, Nik Storonsky, at Slush this November! Index Ventures has been on the journey with Revolut since their seed round back in 2015. In that time we've watched the company evolve from a scrappy contender to established heavyweight. From fintech upstart to the world’s first truly global bank, Revolut is continuously and relentlessly redefining how money moves in the digital age. With 45 million customers, a new UK banking license, and $545m in profits for 2023, Revolut isn't just successful – it’s one of the most generationally significant companies to emerge from Europe 🇪🇺🇬🇧💪 Can't wait to dive deep with Nik on how Revolut is building the future of finance. And who knows? We might even get to hear some of Nik’s famously unfiltered opinions on culture, leadership and the industry at large.

Scaling through chaos doesn’t mean founders should compromise on legal ⚠️ Building on the findings from Scaling Through Chaos, Wordsmith AI’s Ross McNairn says the trend towards scaling faster means many businesses may not be adequately covering themselves legally. ⚠️ Yet legal should not be seen as a deterrent to growth, but an enabler of safe, efficient businesses – especially as AI enters the fray and expands the capability of teams. Ross explains that these developments will mean legal teams will play a product-focused role more akin to security that focuses on making fast decisions when they’re needed. 👉Read the full piece to find out why founders need to take legal seriously and how things are changing: https://lnkd.in/eWhUuyvh

Congratulations to all the Index-backed companies featured in Forbes #Cloud100! We're thrilled to be your partners. 🚀

Congratulations Savvy Wealth on the $26.5M Series A. The $18 trillion wealth management market is evolving rapidly. Traditional methods are being challenged as tech-driven solutions and innovative strategies are redefining the business. 🤝 Savvy Wealth is a technology-enabled solution for wealth management that lets financial advisors spend more time on what truly matters ⁠— quality time with clients. 🌟 In less than two years, Savvy has grown its team to 30 advisors managing over $700M in client assets, and are on track to cross $1B in assets under management (AUM) this year. 💬 As founder and CEO Ritik Malhotra put it, “The human relationship between advisors and their clients is what matters most, and advisors need more time to focus on high-value activities. We empower advisors with purpose-built technology to transform their client relationships and scale their practices exponentially.” 🔗 For more on Savvy https://lnkd.in/eQz92etF

Non-Human Identities (NHIs) play a pivotal role in cybersecurity, representing digital entities like service accounts, shared credentials, application accounts, API keys, OAuth tokens, secrets, certificates & machine IDs. Yet despite their importance, many enterprises struggle with visibility and control in this critical area. Enter, Natoma. ✨ Natoma is on a mission to build the foundational identity infrastructure that enables enterprises to secure and protect NHIs. 🔐 The founding team brings decades of collective experience building identity managed platforms, including Okta's Identity Governance, Privileged Access and Lifecycle Management products. This first-hand understanding of managing non-human identities will be critical when building a modern platform fit to tackle this massive challenge. 💬As John McLeod, NOV’s CISO shared, “It's heartening to witness a company taking proactive steps to tackle this expansive and complex issue head-on.” We're proud to co-lead this seed round and support Natoma in this journey. https://lnkd.in/gjqfNHBM

The growth and momentum Revolut is demonstrating right now is remarkable 📈 Today, the company received its UK banking licence, setting it on course to fully compete with established banks. The announcement comes as Revolut reported profits of $545m for 2023, with revenue up by 95% at $2.2bn. Its global customer base now stands at an incredible 45 million. One of the world’s largest fintechs isn’t stopping there. It expects to grow its workforce by 40% in 2024, from 8,000 at the start of the year to 11,500 by the end – with many set to move to its new global HQ in Canary Wharf. The company is also continuing to add innovative features. Recently it launched RevPoints, a refreshed take on a loyalty programme; Revolut X, a stand-alone crypto trading platform for experienced traders; and eSIMs to help customers avoid unexpected roaming charges.  Revolut’s diverse product mix is complemented by its geographic reach: the UK represents around 29% of its business and no single product stream or region accounted for more than 30% of its total revenue in 2023 🤯 With plenty of noise around tech growth being purely powered by advancements in AI, Revolut is part of a cohort of established European-born startups that are continuing to accelerate. Congratulations to Nik, Vladyslav, Francesca, Antoine, Martin and the whole Revolut team!  👏