PYMNTS.com July 10, 2024
Index Ventures has raised more than $2 billion for artificial intelligence (AI) projects.
The venture capital (VC) firm announced the fund Wednesday (July 10), saying it would divide the $2.3 billion it had raised into two funds: $800 million earmarked for early-stage startups and the remainder for latter-stage companies.
“It’s an incredibly exciting time to invest,” Jan Hammer, a partner at Index, told the Financial Times.
He added this is due to a technological “platform shift” from AI that Hammer likened to the advent of PCs, smartphones or cloud computing. “The last year or two has been characterized by AI everywhere.”
Marin Mignot, another Index partner, said more than half the firm’s recent investment money has been AI projects. It...
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