The Latest Breaking News from Index Ventures

EXCLUSIVE: Martin Mignot made his first millions before turning 30 thanks to investments in the likes of Deliveroo before it became famous. Now, he’s revealing how Gen Z can spot the next unicorn—and cash in early.

Index Ventures has emerged as venture capital’s winner, transforming an $86.5 million investment in Figma Inc. (NYSE:FIG) into a stake worth nearly $6 billion following the design platform’s explosive market debut.

Index Ventures leads the latest $100 million Series A round for the company founded by serial entrepreneur "Guypo." GV led a perviously undisclosed $25 million seed round.

The market isn’t exactly looking IPO ready. But theoretically, if more IPOs are going to happen this year, it’s going to have to be pretty soon.

Savvy has raised $15.5 million in an additional round led by Canvas Ventures, closing the startup’s Series A at $26.5 million, Fortune can exclusively report. Thrive Capital, Brewer Lane Ventures, Index Ventures, The House Fund, and Alumni Ventures, all existing investors, also participated in the round.

“We think Europe is going to be one of the most important ecosystems for AI,” Index Ventures's Hannah Seal told Fortune.

“It became very clear to me that venture in general, is an amazing place for somebody who’s curious about the world,” Vlad Loktev told Term Sheet.

As VCs trip over themselves to sign term sheets and establish cred in the huge emerging market, “there's gonna be a lot of money lost” predicts one.

“Basically all software investing right now, at least on the B2B side, is A.I. investing,” says Index Ventures partner Erin Price-Wright.