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TLDR:
- Index Ventures has raised $2.3 billion to invest in AI companies in Europe and beyond.
- They believe that the era of quick buck mentality is over and are focusing on building long-term enduring companies.
The European VC firm, Index Ventures, has raised $2.3 billion from investors to invest in AI companies, focusing on long-term champions rather than short-term gains. Hannah Seal, a partner at Index Ventures, mentioned that they are just starting to see AI making a real difference, especially in industries like healthcare, hospitality, and education. They intend to invest $800 million in venture funds and $1.5 billion in growth funds.
Last year, Index Ventures was part of a funding round for Mistral, which is now Europe’s most valuable AI company. They emphasize that the funds will not only be for AI companies but will be a significant focus. The firm believes that AI has the potential to permeate every company in the future, making it crucial to invest in founders who are committed to solving problems in this space.
Although Europe is still catching up to the U.S. in AI developments, Index Ventures believes that the region has a robust ecosystem of early-stage AI startups. Furthermore, they see Europe as an essential ecosystem for AI and are excited to invest in the region. With a focus on long-term sustainability and enduring companies, the VC firm is optimistic about the future of AI investments.
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