Index Ventures has raised more than $2bn to take advantage of recent breakthroughs in artificial intelligence, which the venture capital firm believes will ultimately reshape the entire economy.
“It’s an incredibly exciting time to invest,” said Jan Hammer, a partner at Index, driven by a technological “platform shift” from AI that compares with the arrival of PCs, smartphones or cloud computing. “The last year or two has been characterised by AI everywhere.”
The 28-year-old firm, which is a backer of start-ups including Revolut, Discord and Figma, has raised a total of $2.3bn from institutional investors. Index, which has offices in London, San Francisco and New York as well as Geneva and Jersey, has earmarked $800mn of that total for early stage start-ups and $1.5bn for larger bets on later stage companies.