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Investor profile

Index Ventures

Venture capital firm · Founded 1996 · Active in 2026

Index Ventures was founded in Geneva in 1996 and now operates principally out of San Francisco and London. The firm is multi-stage and multi-vertical with an unusually trans-Atlantic posture: Index is often the first U.S.-based partner of European founders, and conversely the firm's London office leads many of its top European deals.

Notable bets include Skype, Adyen, Roblox, Discord, Figma, Wise, and Wiz.

149 Power Law outcomes Power Law Ranking #11 · Global · 149 Power Law outcomes · Active 2026
Unicorns ↑ 35% 5y
130
Decacorns ↓ 21% 5y
19
Thoroughbreds ↑ 71% 5y
113
01 · Exits

Index Ventures’ biggest exits.

Index Ventures portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.

IPO · 2012
Entered Series B+Now $1.6T
IPO · 2014
Entered Series B+Now $182B
$7.8B IPO · 2019
Entered Series ANow $75.7B
$32.0B IPO · 2021
Entered SeedNow $67.5B
$45.0B IPO · 2021
Entered Series B+Now $33.1B
$32.0B acquisition · 2025
Entered Seed
IPO · 2010
Entered Series B+Now $30.3B
$29.0B acquisition · 2025
Entered Series B+
$15.7B IPO · 2019
Entered Series B+Now $23.4B
$7.8B IPO · 2018
Entered Series ANow $22.0B
IPO · 2015
Entered Series B+Now $21.6B
$17.6B IPO · 2025
Entered SeedNow $10.4B
$15.4B IPO · 2021
Entered SeedNow $10.0B
$11.0B IPO · 2021
Entered Series ANow $12.7B
$11.4B IPO · 2021
Entered Series B+Now $10.2B
IPO · 2014
Entered Series B+Now $10.2B
$10.0B IPO · 2021
Entered SeedNow $2.7B
$9.2B IPO · 2018
Entered Series B+Now $9.1B
IPO · 2014
Entered Series ANow $8.2B
IPO · 2015
Entered Series B+Now $7.6B
$6.5B IPO · 2021
Entered Series ANow $7.2B
$6.2B IPO · 2020
Entered Series B+Now $6.2B
IPO · 2014
Entered Series ANow $5.9B
IPO · 2015
Entered Series B+Now $5.8B
02 · Estimated holdings

Index Ventures’ selected top holdings.

An estimate of Index Ventures’ largest live positions — disclosed shareholding × Dealroom’s latest valuation — across 55 companies where Index Ventures is a named shareholder, worth about $21.2B in estimated equity value.

#CompanyEst. stakeValuationEst. value
  1. 1 RevolutFintech · Decacorn 4.2% $75.0B $3.1B
  2. 2 DiscordGaming · Decacorn 11% $15.0B $1.6B
  3. 3 CohereEnterprise Software · Decacorn 7.5% $20.0B $1.5B
  4. 4 ClickHouseEnterprise Software · Decacorn 9.5% $15.0B $1.4B
  5. 5 StarburstEnterprise Software · Unicorn 30.8% $3.4B $1.0B
  6. 6 AlanHealth · Unicorn 14.5% $5.5B $798M
  7. 7 7.5% $10.0B $750M
  8. 8 18% $4.0B $720M
  9. 9 14% $5.0B $700M
  10. 10 11.5% $5.2B $604M
  11. 11 15% $4.0B $600M
  12. 12 13% $3.7B $481M

Showing the 12 largest of 55 disclosed direct holdings.

6 companies hidden on this public profile. Estimated value = Index Ventures’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. Index Ventures also appears inside investor groups in Fireblocks, where a standalone stake isn’t disclosed. See the underlying cap tables on Dealroom →

+22 more $1B+ exits on the full Dealroom profile.

03 · Portfolio analysis

The 149 Index Ventures Power Law outcomes ($100M+ revenue or $1B+ valuation).

Snapshot of where the outcomes are concentrated by country, sector, and stage entered.

By countryCount
  1. USA87
  2. UK23
  3. France6
  4. Germany4
  5. Sweden4
  6. Australia3
  7. Finland2
  8. Switzerland2
  9. Denmark2
  10. Ireland2
  11. Netherlands2
  12. China2
By sectorCount
  1. Fintech27
  2. Other B2B Software25
  3. AI22
  4. Marketing17
  5. eCommerce & Marketplaces16
  6. Other14
  7. Cybersecurity13
  8. Edtech4
  9. Biotech & Life Sciences3
  10. Transportation3
  11. Health Tech & Medtech3
  12. Space1
By stage enteredCount
  1. Series B+81
  2. Series A45
  3. Seed21
04 · Portfolio market map

Index Ventures's 149 Power Law outcomes.

Stage entered
Outcome tier
Region
Group by
149 of 149 Power Law outcomes
05 · Power Law comparison

How does Index Ventures stack up?

Index Ventures in orange, your selection in blue and other colours. Pick from the global roster of 34 peer investors — scope by startup location or hit "Find similar shapes" to auto-pick the three closest. The funnel matrix mirrors the spider chart on the ranking page; the line chart shows each firm's share of unicorns minted in the selected startup location — peaks reveal vintage years.

Compare against

Share of new unicorns per year

% of global unicorns minted that year, year by year · hover the chart to see which unicorns

Stage focus

Companies by entry stage and outcome tier

Sector focus

Companies per investor across the 10 highest-volume sectors
Source: Dealroom Power Law dataset. Investors shown are the 2026 Power Law top 35 by combined entry-to-outcome score, drawn from the overview and locations_data sheets. Funnel-matrix axes rescale per-axis using the maximum among the currently selected investors, so the polygons always fill the chart for shape comparison.
06 · Portfolio founders

Where Index Ventures's portfolio founders come from — and where they studied.

339 founders across the 149 Power Law outcomes — split by country of origin, university attended, and the company they worked at before founding. Massachusetts Institute of Technology and Alphabet | Google are the deepest single pipelines.

LocationCount
United States104
Israel27
India23
France21
Germany17
Sweden16
Russia11
Poland9
Estonia8
Türkiye7
+18 more →
UniversityCount
Massachusetts Institute of Technology13
Stanford University12
Harvard University9
Berkeley8
Ludwig Maximilian University of Munich6
Tel Aviv University6
Stanford University Graduate School of Business6
INSEAD Business School5
Technical University Munich5
Technion Israel Institute of Technology5
+137 more →
Origin companyCount
Alphabet | Google25
Microsoft21
Yahoo!12
eBay11
Meta10
Amazon6
Peak5
LinkedIn5
Coinbase4
Airbnb4
+107 more →
Origin = country a founder is born in or grew up in (founders may have multiple origins; counts include all entries). University = highest-listed degree. Origin company = a previous employer where the founder was tagged before starting their current company.

Market sentiment

What the market is saying about Index Ventures

An AI-synthesized read of the highest-engagement posts about Index Ventures on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

In the news

Latest news about Index Ventures

Recent press, funding announcements, and portfolio moves mentioning Index Ventures — pulled live from Dealroom's news feed.

See all news

Want the full picture on Index Ventures?

The Dealroom platform tracks every round, every co-investor, and every portfolio company in real time — across 25,000+ investors and 3M+ companies globally.