Index Ventures — 2025 Investments

Instabase provides an AI platform that transforms unstructured documents into reliable, auditable data for organizations to automate mission-critical business processes.

AI & Machine LearningData & InfrastructureEnterprise SoftwareSan Francisco, US

ABAnant Bhardwaj(Founder)inADAshish Dahiya(Chief Operating Officer)inOPOmkar Pendse(Chief Product and Technology Officer)inOOOzge Ozcan(Chief Customer Officer)inVJVarun Jain(Product Management lead (Bengaluru); previously Co-Founder at Zoomtail Technologies)inDavid Lluncor(Head of Automation and Productivity)in

Co-investorsANAndreessen HorowitzGLGlynn Capital ManagementGRGreylock PartnersOROriginal CapitalSCSC VenturesSPSpark Capital+7 more

Vinyl Equity builds financial infrastructure for the IPO process, offering registrar, proxy and AGM, and security products.

Cloud ComputingEnterprise SoftwareFintechSaaS

RSRob Schoder(CEO)inPUPoorna Udupi(CTO)inLSLisa Scotland(Chief Compliance Officer)inNANagaraj Acharya(Director of Engineering)in

Co-investorsSPSpark CapitalINInfinity VenturesCACambrian VenturesJUJump CapitalMUMUFG Innovation Partners

Mariana Minerals is a vertically integrated minerals supplier that uses software to source critical minerals for energy, AI, and defense technologies.

AI & Machine LearningEnergyNew MaterialsSan Francisco, US

TCTurner Caldwell(Founder)inJuan Lozano Van De Ven(Executive Officer, Director, Promoter)Schuyler (Baker) Tilney(Executive Officer, Director, Promoter)Baker Tilney(Founder)Juan Lozano(Founder)

Board seatEPErin Price-Wright· per SEC Form D · $76M raise · filed Apr 2026

Co-investorsANAndreessen HorowitzBRBreakthrough Energy VenturesEAEarthshot VenturesGRGreycroftINIn-Q-TelINInception Studio Capital+3 more

Future of Work venture capital company based in Stuttgart, founded 2018

Munich, DE

HRHanno Renner(Founder)inArseniy Vershinin(Founder)inJRJonas Rieke(Founder)inRSRoman Schumacher(Founder)inHanno Frederik Renner(Executive Officer)Katarina Berg(Director)

Board seatMMMartin Mignot· per SEC Form D

Co-investorsACAccelALAlkeon InnovationALAlpine Space VenturesAPAppWorks VenturesB1b10BEBerliner Volksbank Ventures+17 more

7AI develops AI agents for cybersecurity teams to automate alert triage and response, reducing manual work and improving security outcomes.

AI & Machine LearningCybersecurityEnterprise SoftwareBoston, US

LDLior Div(Founder)inYSYonatan Striem Amit(CTO & Co-Founder)inBMBrian McDonough(Chief Revenue Officer)inALAllen Lieberman(Chief Product Officer)inIBIsrael Barak(CISO)inNBNathan Burke(Chief Marketing Officer)in

Co-investorsBLBlackstoneCRCRV (Charles River Ventures)GRGreylock PartnersSPSpark Capital

Akido Labs develops an AI operating system designed for healthcare that leverages machine learning to enable personalized medical diagnostics and care coordination at scale.

AI & Machine LearningDigital HealthHealthtechInsurTechLos Angeles, US

JGJared Goodner(Founder)inPSPrashant Samant(Founder)inSanjit Mahanti(Chief Business Development Officer and Co-founder)inHugh GordonLei WangMark Shieh

Co-investorsDCDCVC (Data Collective)EAEarly Light VenturesFUFuture Communities CapitalGFGFO CompaniesGRGreat Oaks Venture CapitalHEHealthy Ventures+26 more

Allara provides virtual specialized care for women's health, particularly hormonal and metabolic conditions like PCOS, combining medical expertise from OBGYNs, endocrinologists, nurse practitioners, and registered dietitians with personalized lifestyle and nutrition planning.

Digital HealthFemTechHealthtech

RBRachel Blank(Founder)in

Co-investorsBLBlack Jays VenturesCACalm VenturesDGDG Daiwa VenturesFOFOG VenturesGAGaingelsGRGreat Oaks Venture Capital+5 more

Anrok provides an automated tax compliance platform for software and digital goods companies, handling sales tax and VAT across multiple jurisdictions.

Enterprise SoftwareFintechSaaSSan Francisco, US

MVMichelle Valentine(Founder)inKannan Goundan(Founder)inMVMichelle V(Founder)KMKanishka Maheshwari(Founder)in

Co-investorsSESequoia CapitalKHKhosla VenturesSPSpark CapitalAVavraCACatalyze AdvisorsCHChemistry+5 more

Beside provides an AI phone assistant that answers calls, voicemails, and texts, then generates structured summaries, transcripts, and follow-up actions that sync to tools like Microsoft Teams.

AI & Machine LearningSaaSSales Tech

Bobby Giangeruso(Founder)inMaxime Germain(Founder)

Co-investorsMOMotier VenturesNENextView VenturesEQEQT VenturesISIsai

Castelion designs and manufactures low-cost, mass-producible hypersonic strike weapons and defensive systems for U.S. national security and defense customers such as the U.S.

Advanced ManufacturingDefense TechHardwareTorrance, US

BHBryon Hargis(Founder)inSPSean Pitt(Founder)inAKAndrew Kreitz(Founder)inCharles Bryon Hargis(Executive Officer, Director, Promoter)

BoardAPAlex Poulin(Director)in

Co-investors7P7percent VenturesANAndreessen HorowitzANAngel Collective Opportunity FundAVAvenir Growth CapitalBLBlueYard CapitalCACantos Ventures+14 more

Cradle operates a payments network enabling small businesses in India to receive funds from other businesses without transaction fees.

Enterprise SoftwareFintechBengaluru, IN

GMGaurav Mishra(Founder)inDaniel Danciu(Founder)Eli Bixby(Founder)Elise de Reus(Founder)Harmen van Rossum(Founder)Jelle Prins(Founder)

Co-investorsIVIVP (Institutional Venture Partners)TRTranspose Platform ManagementY Y CombinatorDADay One VenturesKIKindred VenturesLYLynett Capital Partners+2 more

Crosby is an AI-powered law firm that combines custom legal agents with attorney oversight to review contracts and answer legal questions submitted via Slack, email, or CLM triggers.

AI & Machine LearningLegalTechSales Tech

RDRyan Daniels(Founder)inJSJohn Sarihan(Founder)inJohn Sarihan Ryan Daniels(Founder)Ryan Daniels John Sarihan(Founder)

Co-investors0101 AdvisorsAVavraBABain Capital VenturesGOGood FriendsLULux CapitalSESequoia Capital+3 more

DataHub provides a metadata platform and data catalog that enables AI systems and data teams to discover, govern, and understand enterprise data at scale.

AI & Machine LearningData & InfrastructureEnterprise SoftwarePalo Alto, US

SDShirshanka Das(Founder)inSJSwaroop Jagadish(Founder)inJJJohn Joyce(Founder)in

Co-investors8V8VCABAbstract VenturesBEBessemer Venture PartnersINIn-Q-TelMAMantis CapitalNENext Play Ventures+6 more

Dorsia is a members-only platform that provides access to hard-to-book restaurant reservations, tables, and invite-only cultural events worldwide.

ConsumerMarketplacesTravel & Hospitality

Co-investorsENEntrepreneur VenturesFEFELIX CAPITALRERed BullATAtomicPLPluralRERed Sea Ventures+1 more

EdgeData builds analytics software that turns raw operational data into actionable intelligence for enterprises.

AI & Machine LearningCybersecurityData & InfrastructureEnergyEnterprise SoftwareNorth Dakota, US

LBLonnie Bloomquist(Co-founder, CEO and Chairman)inCSChris Shroyer(Co-founder and President)inJTJeff Thorsteinson(Co-founder and Board Member)Kris Gulick(CFO)in

Co-investorsISISA VenturesSESequoia Capital

Experience Philippines connects international travel brands with vetted local suppliers including guides, transport providers, and accommodations in the Philippines.

B2B MarketplacesMarketplacesTravel & HospitalityManila, PH

Co-investorsIDIdeaspace VenturesGVGV (Google Ventures)JMJMI EquityTITiger Global ManagementVMVMG Partners

Fireworks provides AI infrastructure services, leveraging experience from PyTorch, Meta, and Google.

AI & Machine LearningCloud ComputingDeveloper ToolsEnterprise SoftwareSan Mateo, US

DDDmytro Dzhulgakov(Founder)inBYBenny Yufei Chen(Founder)inCZChenyu Zhao(Founder)inDIDmytro Ivchenko(Founder)inJRJames Reed(Founder)inLQLin Qiao(Founder)in

Co-investorsARArtisanal VenturesBEBessemer Venture PartnersINInsight PartnersKOKoru CapitalLILightspeed Venture PartnersMEMenlo Ventures+10 more

Hyperline offers a CPQ (configure, price, quote) product that connects with its billing engine, letting sales teams create quotes, capture signatures, and move signed deals into billing from within their CRM.

Data & InfrastructureDeveloper ToolsFintechSaaSSales Tech

Lucas Bedout(Founder)

Co-investorsADAdelieEMEmblemKIKima VenturesRERerail

Hyperline provides data infrastructure that helps product teams integrate data science and machine learning into Web3 applications, offering on-chain analytics, real-time trading analytics, fraud monitoring, personalization, and predictive insights.

AI & Machine LearningCrypto & Web3Data & InfrastructureSan Francisco, US

Abhinav V(Founder)Sahil Thaker(Founder)

Co-investorsBHBharat Founder's FundMAMaelstrom

incident.io Investigations is an AI agent for incident response that automatically triages incidents, gathers evidence from logs, code, telemetry, and deployment history, and generates hypotheses about what broke and why.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSaaS

SWStephen Whitworth(Founder)inCEChris Evans(Founder)inPete Hamilton(Founder)in

Co-investorsANAngel Collective Opportunity FundAVavraINInsight PartnersMAMantis CapitalMAMaximilian StoiberPOPoint Nine+4 more

The page is an online gambling/betting operator ("OK9") targeting Vietnamese players, offering sports betting, online casino, slots, fish-shooting games, lottery, and card games.

Deep TechHardwareSpace TechWest Hollywood, US

Neeldev Kunjur(Executive Officer, Director)Karandev Kunjur(Executive Officer, Director)KKKaran Kunjur(Founder)inNKNeel Kunjur(Founder)in

Co-investorsALAlpine Space VenturesALAlso CapitalASAsymmetric Capital PartnersCACapitalGEAEarthrise VenturesFIFirst Round Capital+22 more

Lightning AI, creator of PyTorch Lightning, runs an end-to-end AI development cloud and merged with GPU provider Voltage Park in 2026.

San Francisco, US

WFWilliam Falcon(Founder)inSGSaurabh Giri(Executive Officer)inOzan Kaya(Executive Officer, Director)Luca Antiga(Founder)

BoardAMAmit Mukherjee(Director)inSYSam Yagan(Director)in

Co-investorsBABain Capital VenturesCACapital B Private HoldingsCICisco InvestmentsCOCoatue ManagementK5K5 GlobalSHSherpalo Ventures+23 more

Lithic provides a modular card issuing and processing platform that enables companies to build and manage payment programs.

Developer ToolsEnterprise SoftwareFintechSaaSSan Francisco, US

BJBo Jiang(Founder)inDNDavid Nichols(Founder)inDavid Wagner(Founder)Jason Kruse(Founder)

Co-investorsBEBessemer Venture PartnersCOCommerce VenturesRARainfall VenturesSTStripesTETeamworthy VenturesTUTusk Venture Partners+1 more

Nexos provides corporate accounts, cards, foreign exchange, payments, and treasury services for businesses operating internationally.

Fintech

Co-investorsCACaravela CapitalLALatitud VenturesCRCreandumEVEvantic Capital

Nova Credit aggregates global credit bureau data, bank transaction data, and payroll information to help lenders assess borrowers and provide fairer access to credit for underserved populations including international newcomers, gig workers, and others traditionally excluded from the financial system.

Data & InfrastructureEnterprise SoftwareFintechNew York City, US

MEMisha Esipov(CEO)inLJLoek Janssen(Advisor at large)inNicky Goulimis(Founder)CJCatherine Jue(Implementation R\u0026D)inAnnie Shin(Engineering Manager)Michael Vobejda(Software Engineering Intern)

Co-investorsGEGeneral CatalystKLKleiner PerkinsA-A-Rod CorpAVAvid VenturesBABallistic VenturesBEBetter Tomorrow Ventures+25 more

Nuvo builds infrastructure for B2B commerce, offering credit and risk insights that connect buyers and suppliers and help businesses expand customer credit.

AI & Machine LearningEnterprise SoftwareFintechSaaSSan Francisco, US

SMSid Malladi(Founder)inRRRameez R.(Founder)inRameez Remsudeen(Founder)Ben Hartig(Founder)Michael Zittermann(Founder)

Co-investorsSPSpark CapitalBOBoxGroupFOFoundation CapitalHUHuman CapitalPEPear VCSESequoia Capital+6 more

Parahelp builds an AI-powered customer support agent that can be configured to integrate with external tools and APIs to resolve support tickets autonomously.

AI & Machine LearningEnterprise SoftwareSaaSSan Francisco, US

ARAnker Ryhl(CEO)inMLMads Liechti(Founder)inABAnker Bach Ryhl(Founder)inMads Lunau Liechti(Founder)inEmil Olsen(Operations)Henrik Aalto(Founding Engineer)

Co-investorsBYbyFoundersOROrange CollectiveSKSkyfall VenturesY Y CombinatorALAlt CapitalF7f7 Ventures+9 more

Identity verification enabling companies to confirm their users' identities.

CYCharles Yeh(Founder)in

Co-investorsFEFelicis VenturesFIFirebolt Ventures Management Company, LlcFIFirst Round CapitalFOFounders FundINInsight PartnersKAKarma Ventures+7 more

Quilter builds physics-driven AI that automatically generates printed circuit board (PCB) layouts, using Maxwell's equations, thermodynamics, and manufacturing constraints rather than human design patterns.

AI & Machine LearningDeep TechDeveloper ToolsHardwareLos Angeles, US

SNSergiy Nesterenko(Founder)inNial Duffy(Founder)Sailen Chatterjee(Founder)

BoardEVEric Vishria(Benchmark partner and board member)inNANina Achadjian(Index Ventures partner and board member)in

Co-investorsCOCoatue ManagementRORoot Ventures Manager, LlcBEBenchmark

Spiich is a lead prospecting platform that identifies and enriches qualified prospects matching a company's ideal customer profile, then syncs them directly to CRM systems like HubSpot, Salesforce, Attio, and Pipedrive.

AI & Machine LearningEnterprise SoftwareFuture of WorkMarketing TechSaaSSales Tech

JTJohan Torssell(Founder)in

Co-investorsWAWave VenturesAMAmpli Ventures

AdTechGamingMarketing TechMedia & Entertainment

Mohsen Moayer(Founder)in

Co-investorsISIsaiISISAI Gestion0101 AdvisorsAVAvenirCICiti VenturesCOCollab+Currency+5 more

Thatch provides APIs and embeddable components that enable platforms and software providers to offer ICHRA (Individual Coverage Health Reimbursement Arrangement) benefits to their customers.

Enterprise SoftwareFintechHealthtechHR TechInsurTechSaaS

ASAdam Stevenson(Founder)inChris Ellis(Founder)

Co-investorsANAndreessen HorowitzAVAvid VenturesGEGeneral PartnershipLULux CapitalNONotre Dame Founders FundSESemperVirens Venture Capital+6 more

Traversal builds an agentic AI system that uses machine learning to autonomously analyze telemetry data and troubleshoot production incidents for enterprise software teams.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareNew York City, US

AAAnish Agarwal(Founder)inRDRaaz Dwivedi(Founder)inRARaj Agrawal(Founder)inALAhmed Lone(Founder)inRaj Agarwal(Founder)

Co-investors51515 VenturesFOFoundation CapitalHAHanabi CapitalKLKleiner PerkinsSESequoia CapitalSVSV Angel+15 more

Typeform provides customizable online forms and surveys, including a library of free product-focused templates for tasks such as product-market fit research and focus group recruitment.

AI & Machine LearningData & InfrastructureEnterprise SoftwareMarketing TechSaaS

JLJoaquim LechainDavid Okuniev(Founder)Robert Munoz(Founder)

Co-investorsCOConnect VenturesGEGeneral AtlanticPOPoint NineTETeamworthy VenturesGPGP BullhoundLOLoftyInc Capital+3 more

Vulcan Elements manufactures rare earth magnets for critical applications in defense, semiconductors, satellites, data centers, and industrial equipment.

Advanced ManufacturingDefense TechNew MaterialsBenson, US

JMJohn Maslin(Executive Officer, Director)inScott Glover(Executive Officer)inJacob Bowles(Executive Officer)Jonah Glick-Unterman(Executive Officer)Bryan Van Demark(Executive Officer)Daniel Aronowitz(Executive Officer, Director)

Co-investorsBIBig Brain HoldingsBLBlindspot Ventures Management CoDODorm RoomDUDuke Capital PartnersFIFifth Down CapitalFJFJ Labs+10 more

Travel & HospitalitySan Francisco, US

JKJohannes Koeppel(Founder)inZPZaky Prabowo(Founder)GMGarib Mehdiyev(Founder)Theodore Clements(Executive Officer, Director)ECEana Cubacub(Executive Officer)inAli Sirpilla(Founder)

Co-investorsAMAmino CapitalBABase10 PartnersCRCross Creek AdvisorsDODorm RoomLELeft Lane CapitalSASapphire Ventures+5 more

Wonderful is an enterprise AI platform for building, deploying, running, and governing AI agents that perform business workflows, with grounding in company data and deployment across multiple channels and departments.

AI & Machine LearningEnterprise SoftwareSaaS

BWBar Winkler(Founder)inBar Winkler Roey Lalazar(Founder)Rael Cline(Founder)Roey Lalazar(Founder)

Co-investorsBEBessemer Venture PartnersINInsight PartnersIVIVP (Institutional Venture Partners)VIVine VenturesKAKaszek VenturesVIVine Ventures