• March 3, 2009

London-based Index Ventures has closed a new 350 million euro ($440 million) fund focused on early-stage and seed investments in the information technology, biotech and green technology sectors in Europe, the U.S. and Israel.

Index Ventures has previously invested in online and advertising-focused startups including Spot Runner, Adconian, Stardoll and Skype. The firm's fifth fund raised in the last 10 years was raised almost entirely from its existing base of limited partners.

"There are certainly challenges facing many industries right now but, thanks to the ongoing commitment of our limited partners, we can continue to focus on our core strength, that of finding and supporting ambitious, dedicated entrepreneurs," said partner Bernard Dallé, in a statement.--Mark Walsh