Index Ventures, based in San Francisco, New York and London, has launched a $300m (£253m) seed fund aimed at early-stage startups.
The Origin II follows the Index Ventures $200m (£169m) Origin I fund, launched only last year. In a statement published on its website, the venture capital firm said:
“From Airbnb to Adyen, Slack to Skype, Google and Spotify, innovative companies have always been founded or grown during a downturn.”
It added: “They operate in an environment with fewer competitors, where startups produce better, more resilient teams with a greater focus and agility than legacy players.”
Index Ventures will invest alongside other seed funds, solo general partners and angel investors.
“We launched Index Origin to give entrepreneurs access to the resources of a multi-stage fund, combined with the hands-on expertise of a dedicated seed fund.”
Back in March, Index Ventures invested in the B2B sales platform Workbounce