Fresh off its Wiz payout, Index Ventures raises $2B across three funds

Index Ventures has raised $2 billion across three funds, according to TechCrunch. The raise comes after Index’s Wiz payout and lifts the firm’s total available investing capital to $3.5 billion.

The structure is a multi-fund package rather than a single blind pool: $2 billion is spread across three vehicles, and that new money sits on top of capital Index already had ready to deploy. The $3.5 billion total available figure is the number that matters for founders—how much dry powder the firm can write into new and follow-on rounds without waiting on another fundraise.

For engineers and builders, this is a capital-supply signal, not a product launch. Index is a recurring early and growth backer; more available capital means more capacity for larger checks, longer support through multi-stage raises, and fewer forced exits driven by a thin fund. Teams already in the Index network, or competing for it, should expect the firm to stay active rather than pause while it raises.

Market context is the post-exit window. Closing $2 billion right after a Wiz payout is the classic sequence: realized returns free LPs and the firm to re-up, while competitors without a comparable exit cycle still have to sell the story without that proof. Total available capital of $3.5 billion also sets Index’s scale against peers who are still mid-raise or running smaller remaining dry powder.

What to watch next is allocation across the three funds—stage focus, check sizes, and how much of the $3.5 billion goes into new logos versus follow-ons. Founders raising in Index’s sectors should track whether the firm leads, co-leads, or reserves more for later rounds, since that split will show up in term sheets long before the next public fund announce.