Index Ventures has closed a total of $1.65 billion in new funds. $1 billion that it plans to invest in later-stage, growth rounds, and $650 million that it plans to put into earlier rounds for smaller startups. The venture fund is Index’s ninth and the growth fund is its fourth since it was founded in 1996.

When Index held its annual meeting in London back in April, we were all in agreement that it was time to raise new funds. By the end of June, we’d secured $1.65 billion — $650 million for our ninth venture fund to support businesses in the earlier stages, and $1 billion for our fourth growth fund to help them scale. We joked that it took us either a few weeks or 22 years to raise the money, depending on how you look at it.

Prior to this Index has raised $7.25 billion for early and growth stage companies in Europe and North America.