Index Ventures picks Israeli accomplice to spice up excessive tech funding

TEL AVIV, Nov 10 (Reuters) – Index Ventures has appointed a neighborhood accomplice to assist considerably increase its already sizeable investments in Israel’s know-how sector, officers from the U.S. and European enterprise capital agency stated.

Index, which primarily invests in seed and so-called Sequence A funding rounds has named Juriaan Duizendstraal as a Associate based mostly in Tel Aviv. Prior to now 26 years, Index has invested $350 million in 27 Israeli corporations and companies with an Israeli founder however has not had a neighborhood presence.

“We have now seen a whole lot of success up to now and we need to simply double down on the nation and add assist on the bottom,” Duizendstraal stated in an interview with Reuters.

Among the many Israeli corporations Index has invested in are Wiz, Slack, Figma, Datadog, Discord, Robinhood, Adyen, Elastic, Plaid, Roblox and Scale.

Based in Geneva in 1996, Index is searching for to proceed making investments in cybersecurity, infrastructure, improvement instruments and monetary applied sciences.

Duizendstraal famous that Index, which made one funding in 2022 up to now, has not set targets. “Whether or not we discover three offers or 5 a yr, it actually relies upon,” he stated. “We need to make investments greater than now we have carried out up to now and simply be concerned within the (tech) ecosystem.”

Some 75% of Index’s preliminary investments are in Seed or Sequence A and at present it’s investing from $3.1 billion in funds.

“It is crucial to be on the bottom … We’re chatting with founders that in lots of circumstances have not even left their companies but and are fascinated about constructing a enterprise. These conversations are tough in case you are in New York or London,” stated Carlos Gonzalez-Cadenas, one other Index accomplice based mostly in London.

Reporting by Steven Scheer;Enhancing by Elaine Hardcastle

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