Coalition 175m index venturessawersventurebeat
Venture capital firm Index Ventures has announced the launch of its new $175 million fund, called the Coalition Fund II. The fund will focus on investing in startups that are working to solve some of the world’s biggest problems, such as climate change, healthcare, and education. The Coalition 175m index venturessawersventurebeat Fund II will be led by Index Ventures partner Mike Volpi, who previously served as the CEO of video conferencing company Joost and the head of Cisco’s routing and service provider technology group.
The fund’s other partners include Shardul Shah and Sarah Cannon, who both previously worked at Bain Capital Ventures. The fund’s first investment is in a company called Sawers, which is developing a new type of surgical tool that uses artificial intelligence to help surgeons perform more precise and efficient procedures. Sawers founded by a team of engineers and surgeons from Stanford University, and has already raised $25 million in funding from investors such as Khosla Ventures and Lux Capital.
Index Ventures has a long history of investing in startups that are working to solve important problems. The firm has backed companies such as Dropbox, Slack, and Adyen, all of which have become major players in their respective industries. The Coalition Fund II is part of a growing trend among venture capital firms to focus on investing in companies that are working to make a positive impact on the world. These firms often referred to as “impact investors,” and they are becoming increasingly popular among both investors and entrepreneurs.
In conclusion, the Coalition Fund II is a significant development in the world of venture capital. With its focus on investing in companies that are working to solve important problems, the fund has the potential to make a real difference in the world. And with Index Ventures’ track record of success, it’s likely that the fund will be able to identify and support some truly innovative startups in the years to come.