Index Ventures, the London and San Francisco-headquartered enterprise capital agency that primarily invests in Europe and the U.S., has recruited its newest funding accomplice.
Carlos Gonzalez-Cadenas, who’s at present the COO of London-based fintech GoCardless and was beforehand the chief product officer of Skyscanner, is becoming a member of Index in January, TechCrunch can reveal.
For these not within the know, Gonzalez-Cadenas is a seasoned entrepreneur and operator, however has additionally turn out to be a prolific angel investor during the last three years — making greater than 50 angel investments in Europe in complete, I’m advised. And whereas I can’t say I’m conscious of each single a kind of investments, it hasn’t gone unnoticed how typically Gonzalez-Cadenas’ identify appears to crop up on a European funding announcement or once I ask founders to listing their earliest backers. The transition to a full-time function in enterprise capital, subsequently, feels prefer it makes various sense.
“I’ve been an angel investor for the final three years and that is one thing that has mainly grown for me fairly organically,” he tells TechCrunch. “I began doing only a handful and seeing if that is one thing I like and over time it has grown rather a lot and so has the variety of entrepreneurs I’m partnered with. And that is one thing I’ve been more and more extra excited to do. So it has grown organically and one thing that emotionally has been getting nearer and nearer as time has handed”.
Associated to this, Gonzalez-Cadenas describes himself as “fairly a curious individual” and says that investing offers him the chance to find out about a lot of completely different sectors and other ways of constructing companies. “That’s one thing that I get pleasure from so much,” he says.
At Index, companions work throughout each of its funds — enterprise and development — and collaborate as one group straddling Europe and the U.S., which is one thing Gonzalez-Cadenas says attracted him to the agency. Companions additionally don’t strictly specialise, even when every one might have their very own ardour areas.
“At Index, all companions have a little bit of a centre of gravity from their perspective, however I feel we’re nonetheless comparatively broad,” he explains. “When it comes to me, it’s one thing we’re nonetheless determining from our perspective, however I’m possible going to be extra gravitating in direction of the software program house, say SaaS plus enterprise plus a little bit of deep tech, machine studying and synthetic intelligence. That’s in all probability going to be my focus, and I’m primarily targeted on Europe”.
In 2008, Gonzalez-Cadenas based Fogg, a journey enterprise which he offered to Skyscanner 5 years later. He then grew to become Skyscanner’s chief product officer and helped drive its “five-fold development,” worldwide enlargement and the event of its product providing.
Earlier than moving into the function of COO at GoCardless, he was the fintech’s CPO and CTO, working alongside founder Hiroki Takeuchi. Throughout this time, GoCardless has grown right into a 400-person scale-up, with important worldwide and product enlargement.
Gonzalez-Cadenas says one other factor that made him select to affix Index is that the agency isn’t afraid to speculate early, together with an rising variety of seed offers, even when these offers aren’t at all times disclosed on the time.
“I feel Index is kind of an entrepreneurial strategy when it comes to taking danger,” he says. “If you concentrate on the share of firms that right this moment are huge successes in Index’s portfolio — so, for instance, Revolut, Robinhood, Deliveroo, Adyen, Figma. All these firms, Index invested actually, actually early within the seed spherical, or, you understand, the A, however the overwhelming majority of these have been within the seed spherical. And that is one thing that I feel is tremendous thrilling, as a result of it aligns so much with what I do. I’m extra of a entrepreneurially minded individual that desires to speculate closely within the journey of entrepreneurs and take basic bets, versus simply ready till the numbers are good and make investments then. That’s not the kind of investing that I like”.