Index Ventures, the venture capital firm with dual headquarters in London and San Francisco, today announced the closing of $2 billion in new funds. The funds are dubbed ‘Index Ventures 10’ and ‘Index Growth 5’, totalling $800 million and $1.2 billion in size, respectively.

The investment firm, which has backed big European tech hits such as Transferwise, Revolut, Deliveroo, iZettle, Adyen, Supercell, Farfetch and Algolia, says it will continue to back companies globally, across early, growth and late stages.

Nina Achadjian is stepping up to help Index Ventures with all that, alongside other recently appointed partners such as Sarah Cannon and Mark Goldberg.

The VC firm says the new funds will invest in companies across a variety of sectors, but “focus on those that are fundamentally transforming the way we live and work, as well as those providing the enterprise infrastructure and AI to underpin these changes in society and the economy”.

Jan Hammer, a partner at Index Ventures, said: “Innovation is often born out of adversity. The path to building a great company is not a straight line, with many obstacles and forks along the way. We take the long view and remain committed to investing in ambitious entrepreneurs at this unprecedented time.”

Other recent fund announcements in Europe:

Atomico announces $820 million fund, bringing total managed assets to $2.7 billion

Venture capital investor Lakestar raises $735 million for Europe bets

EQT Ventures closes second fund at €660 million, will help startups scale out of Europe and US companies scale in

Northzone announces new $500 million fund for consumer and enterprise companies overthrowing legacy tech

Balderton Capital announces new $400 million early-stage fund for European startups

Felix Capital raises $300 million for its third fund, to invest in Europe and US

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