Danny Rimer

Partner at Index Ventures

Reviewed Updated Mar 18, 2026

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Partner at Index Ventures since 2002, ranked #1 on Forbes Midas List Europe (2025). Portfolio of 24 verified investments skews 33% consumer e-commerce, 21% creator economy, 13% design tools, with seed-stage wins in Figma, Dropbox (IPO), and Etsy (IPO). Known for backing design-obsessed founders and cultural 'phenomena' over market size analysis.

Location London, United Kingdom
Check Size $1M-$50M
Last Verified Investment Granola (Series C) — Mar 25, 2026

Background

Danny Rimer OBE is a partner at Index Ventures, the global venture capital firm. Born in Canada and raised in Geneva, Switzerland, Rimer has Belgian and Canadian heritage. His father is Gerald Rimer, the founder of Index Securities, the predecessor to Index Ventures; his brothers Neil and David also work for the firm 1.

Rimer graduated from Harvard University with a Bachelor of Arts in history and literature 1. He then moved to the San Francisco Bay Area, where he joined Hambrecht & Quist as an underwriting analyst. There he established the boutique investment bank’s internet sector equity research group and worked on the IPOs of Amazon, Netscape, and VeriSign 1.

In 1999, Rimer became a General Partner of The Barksdale Group, where he invested in a dozen companies including Crossgain (acquired by BEA Systems), Ofoto (acquired by Kodak), and Tellme Networks (acquired by Microsoft) 1.

In 2002, Rimer joined Index Ventures and established the firm’s London office 1. He later opened the firm’s San Francisco office in 2012, before returning to London in 2018 1. He has been ranked by Forbes on the Midas List as one of the world’s top investors for over a decade 2. He was named #1 on the Forbes Midas List Europe in 2025, following Figma’s IPO 3. He was appointed an Officer of the Order of the British Empire (OBE) in the 2017 New Year Honours for services to business and charity 1.

Stated Thesis

Rimer publicly describes his focus as backing founders passionate about design and the intersection of technology and culture. On his investment approach, he has stated: “Our job is spotting someone trying to spark lightning in a bottle working out of their garage and we have to figure out whether they’re the right people to do this, that they have been placed on this Earth to go after this global ambition. We then work tirelessly to help them get there.” 4

He is explicitly skeptical of traditional total-addressable-market analysis: “We learned a long time ago to think of the total available market as noise, and we’re probably going to get it wrong.” 5 Instead, he looks for founders who are attacking cultural or behavioral shifts — what he calls “phenomena” — rather than fitting neatly into an existing market 5.

Rimer emphasizes founder talent above market size or sector thesis: “From an Index standpoint, it’s always been the people. Of course, you need to have the markets and technologies aligned. But the talent is really what’s going to drive the difference. Index will always back a phenomenal team in a crappy market, rather than the inverse.” 6

He also articulates that founders must have global ambitions from the outset: “The level of ambition necessary to create a global business cannot be underestimated.” 7

Index Ventures’ public positioning frames the firm as an “outsider” with an external, unbiased perspective unclouded by embedded market positions — a characteristic Rimer ties to the firm’s European origins 4.

Inferred Thesis

Based on 24 verified portfolio investments attributable to Rimer (from sources listed below; this represents a partial view of his investment activity over 20+ years):

Stage distribution: Rimer invests from seed through growth. Verified investments include seed (Figma 2013, Last.fm 2006), early-stage Series A/B (Farfetch 2012, Patreon 2014, Etsy 2010, Glossier 2016, Beauty Pie 2019), and growth/late-stage (Dropbox Series B 2011, Skype buyout 2009, Linktree Series C 2022). His most celebrated returns — Figma, Dropbox, Etsy — were seed or early-stage entries, suggesting conviction-based early bets are central to his strategy.

Sector distribution (24 verified investments): - Consumer / retail / e-commerce: Etsy, Farfetch, 1stdibs, Glossier, Beauty Pie, Anine Bing, GOAT, Net-A-Porter — 8 companies (33%) - Creator economy / media / social: Patreon, Linktree, Last.fm, Discord, Flipboard — 5 companies (21%) - Design / productivity / enterprise software: Figma, Common Room, Notion (partial data) — 3 companies (13%) - Infrastructure / developer tools: MySQL, Dropbox — 2 companies (8%) - Gaming / entertainment: King, Dream Games — 2 companies (8%) - Fintech: Boku, Betfair — 2 companies (8%) - Other (VoIP/communications, food): Skype, Good Eggs — 2 companies (8%)

Sample note: 24 verified investments represents a partial view; Rimer has been investing since 2002 and the full portfolio is considerably larger. Percentages should be read as indicative directional patterns, not statistically definitive.

Geographic patterns: Rimer has backed both US-headquartered companies (Figma, Dropbox, Patreon, Discord, Etsy) and European companies (Farfetch, Last.fm, Betfair, King, Beauty Pie, Linktree [Australia]). His cross-Atlantic positioning — opening London then San Francisco offices — reflects a genuine geographic range rather than purely domestic focus.

Founder profile patterns: Rimer has demonstrated strong pattern of backing design-obsessed founders at very early stages before commercial proof: Dylan Field (Figma, age 19), Emily Weiss (Glossier, pre-revenue blog-to-brand), José Neves (Farfetch, unusual fashion/tech hybrid). He has also backed technical infrastructure founders (Marten Mickos at MySQL) and gaming entrepreneurs (Riccardo Zacconi at King). The “cultural phenomenon” lens — backing companies that become part of how people live and create — runs across consumer and creator-economy investments.

Co-investor patterns: Index Ventures co-invested with Benchmark Capital (MySQL), Sequoia (Dropbox Series B), and Insight Partners (Beauty Pie). As a large-fund multi-stage investor, Rimer participates alongside a wide range of co-investors.

Notable gaps: Despite stated focus on design and culture, Rimer has publicly cited missing Airbnb and Snapchat as significant misses 8. His portfolio does not prominently feature pure SaaS or B2B enterprise software, despite some enterprise tools (Figma, Common Room) being present. He has been less active in pure deep-tech or biotech.

Portfolio

Company Year Stage Source
Skype 2004 Series B 9
MySQL 2003 Series B 10
Last.fm 2006 Series A 11
Betfair ~2002 Early 12
Etsy 2010 Series E 13
Dropbox 2011 Series B 14
Farfetch 2012 Series B 15
Figma 2013 Seed 5
Patreon 2014 Series A 16
1stdibs ~2011 Growth 2
Flipboard ~2011 Growth 2
King ~2005 Growth 17
Glossier 2016 Series B 18
Good Eggs ~2013 Series A 19
GOAT ~2016 Series A 2
Anine Bing ~2018 Series A 2
Discord 2020 Series F (lead) 20
Beauty Pie 2019 Series B (lead) 21
Common Room ~2020 Series A 2
Dream Games ~2020 Series A 2
Linktree 2021 Series B 22
Linktree 2022 Series C 23
Net-A-Porter ~2004 Growth 2
Notion ~2019 Series A 2
Granola 2026 Series C (led, $125M) 28

In Their Own Words

On what he looks for in founders:

“Our job is spotting someone trying to spark lightning in a bottle working out of their garage and we have to figure out whether they’re the right people to do this, that they have been placed on this Earth to go after this global ambition. We then work tirelessly to help them get there.” 4

On market sizing:

“We learned a long time ago to think of the total available market as noise, and we’re probably going to get it wrong.” 5

On talent over market:

“From an Index standpoint, it’s always been the people. Of course, you need to have the markets and technologies aligned. But the talent is really what’s going to drive the difference. Index will always back a phenomenal team in a crappy market, rather than the inverse.” 6

On gut instinct vs. analytical frameworks:

“What is the first reaction that you have to the founder, to the opportunity? How does it make you feel?” 8

On the role of design:

“Design was sort of what architecture was in the early 20th century, during the Bauhaus movement. Everyone was talking about being a designer of apps, of software, of fashion. It was a term that became synonymous with the future.” 5

On backing Dylan Field (Figma) at seed:

“Here was this 19-year-old, who had a lot of clarity about what he wanted to do — democratize the world of design, and provide tools to everyone. He had this ambition of dropping out of university to go after this crazy idea, where it’s clear that he’s not going to be able to come up with a product for over two years. In the world of move-fast-break-things, here were two folks who were saying, ‘We’re not going to have anything for two years, so we hope you’re comfortable with that.’” 5

On Dylan Field’s character:

“Dylan has shown that one can be ambitious and humble. Commercial and community-minded. Visionary and deeply human.” 24

On building sustainable businesses:

“Fundamentally you can’t build something of substance if your desire or your goal is to sell it; it’s just not going to happen.” 25

On his role as board member:

“I end up spending a lot less time talking and spending a lot more time listening and figuring out what is the one piece of key advice that I want to provide.” 7

On honest investor-founder relationships:

“The fastest way to build a strong, transparent relationship with founders is to make myself vulnerable by asking for constructive criticism and showing willingness to learn from their feedback.” 4

On Farfetch founder José Neves at IPO:

“Taking the company public confirms Farfetch as the leading technology platform for the global luxury fashion industry, and much of that credit goes to the remarkable patience and vision of its founder, José Neves, and the strength of an awesome team.” 26

On the Linktree investment:

“What Linktree has created is a new and deeper way to connect with the brands and people that matter to you. It reflects the changing nature of these relationships, where we place much more value on transparency and authenticity. In an online world which is fragmented and noisy, Linktree is the only link you will ever need. But it’s more than a link. It is a starting point for building a closer connection.” 22

On Beauty Pie:

“BEAUTY PIE delivers huge value to its customers demonstrated by exceptional member loyalty over many years.” 21

On Discord:

“I’ve always said that life on this earth is about people, which is why I love the Discord team and why we are excited to lead their most recent $100 million round.” 20

On Discord’s founders:

“Jason, along with CTO and co-founder Stan Vishnevskiy, have both proved to be unusually scalable entrepreneurs who are growing in ambition and capability with the business.” 20

What Founders Say

Emily Weiss, Founder and CEO of Glossier, on Danny Rimer as an investor (quoted on Index Ventures’ website):

“He’s been tremendously helpful as we build the future beauty company.” 27

No additional independently sourced founder testimonials beyond the Index Ventures website quote were found. The Danny Rimer–Figma relationship is extensively documented from Rimer’s perspective (13 years of board service, weekly calls with Dylan Field), but Dylan Field’s direct statements about working with Rimer were not available in accessible sources at time of research.

Sources


  1. Danny Rimer, Wikipedia, accessed March 2026. https://en.wikipedia.org/wiki/Danny_Rimer

  2. Index Ventures, “Danny Rimer,” team profile, accessed March 2026. https://www.indexventures.com/team/danny-rimer/

  3. Forbes / X post, “Midas List Europe 2025 — Danny Rimer tops the list after Figma IPO,” accessed March 2026. https://x.com/Forbes/status/199912707303062757

  4. Index Ventures, “Honesty is the Key When You Want to Harness the Lightning in a Bottle,” accessed March 2026. https://www.indexventures.com/perspectives/honesty-is-the-key-when-you-want-to-harness-the-lightning-in-a-bottle/

  5. Fortune, “Why Index’s Danny Rimer bet on Figma and Dylan Field at the seed stage,” August 1, 2025. https://fortune.com/2025/08/01/index-ventures-danny-rimer-figma-dylan-field-seed-round/

  6. Financial Times / LinkedIn, “Index Ventures’ Danny Rimer: ‘The talent is what’s going to drive the difference,’” accessed March 2026. https://www.linkedin.com/posts/dannyrimer_index-ventures-danny-rimer-the-talent-activity-7206236243133673472-bmsF

  7. Deciphr.ai transcript, “20VC: Index’s Danny Rimer on His Biggest Lessons On Price, Ownership, Board Dynamics & Building Consumer Businesses,” accessed March 2026. https://www.deciphr.ai/podcast/20vc-indexs-danny-rimer-on-his-biggest-lessons-on-price-ownership-board-dynamics–building-consumer-businesses-from-backing-the-likes-of-king-skype-farfetch-glossier-and-more

  8. VCMastery Substack, “Sunday Service: Lessons from Danny Rimer at Index Ventures,” accessed March 2026. https://vcmastery.substack.com/p/sunday-service-lessons-from-danny

  9. GlobeNewswire, “Index Ventures: SKYPE Closes ‘B’ Round Funding from Top Venture Capitalists,” March 15, 2004. https://www.globenewswire.com/en/news-release/2004/03/15/307670/875/en/Index-Ventures-SKYPE-Closes-B-Round-Funding-from-Top-Venture-Capitalists.html

  10. SlideShare, “MySQL fundraising pitch deck ($16 million Series B round – 2003),” accessed March 2026. https://www.slideshare.net/slideshow/mysql-fundraising-pitch-deck-16-million-series-b-round-2003/62304895

  11. Index Ventures, “Last.fm” portfolio company page, accessed March 2026. https://www.indexventures.com/companies/lastfm/ (Last.fm’s Series A was led by Index Ventures in May 2006; Neil and Danny Rimer joined the board; CBS acquired Last.fm for $280M in 2007.) 

  12. Index Ventures, “Betfair,” portfolio company page, accessed March 2026. https://www.indexventures.com/companies/betfair/ (Investment year ~2002 based on firm founding timeline; exact year not confirmed in public sources.) 

  13. TechCrunch, “Index Ventures buys into Etsy, now worth almost $300 million,” August 27, 2010. https://techcrunch.com/2010/08/27/index-ventures-buys-into-etsy-now-worth-almost-300-million/

  14. TechCrunch, “Dropbox Raises $250M In Funding, Boasts 45 Million Users,” October 18, 2011. https://techcrunch.com/2011/10/18/dropbox-raises-250m-in-funding-boasts-45-million-users/

  15. Crunchbase, “Series B – Farfetch – 2012-01-15,” accessed March 2026. https://www.crunchbase.com/funding_round/farfetch-series-b–0e53982f

  16. Tracxn, “Patreon – Funding and Investors,” Series A June 2014, accessed March 2026. https://tracxn.com/d/companies/patreon/__xOR9a9gf7e3Y53Kqus3fdD8otkeosWSCvmvVdtP7NMM/funding-and-investors

  17. Wikipedia, “King (company) — early investment by Apax Partners and Index Ventures, 2005,” accessed March 2026. https://en.wikipedia.org/wiki/King_(company

  18. TechCrunch, “Glossier triples valuation, enters unicorn club with $100M round,” March 19, 2019. https://techcrunch.com/2019/03/19/glossier-triples-valuation-enters-unicorn-club-with-100m-round/ (Index first invested Series B November 2016 per Crunchbase.) 

  19. TechCrunch, “Making sense of the market right now with Danny Rimer of Index Ventures,” July 15, 2022. https://techcrunch.com/2022/07/15/making-sense-of-the-market-right-now-with-danny-rimer-of-index-ventures/

  20. Index Ventures, “Discord: the Community Home with Soul,” by Danny Rimer, June 30, 2020. https://www.indexventures.com/perspectives/discord-community-home-soul/

  21. Index Ventures, “BEAUTY PIE raises $100m in Series B funding round,” September 8, 2021. https://www.indexventures.com/perspectives/beauty-pie-raises-100m-in-series-b-funding-round/

  22. Silicon Republic, “The start-up that puts links in your Instagram bio just raised $45m,” March 2021. https://www.siliconrepublic.com/start-ups/linktree-link-in-bio-instagram-funding-index-ventures-coatue (Series B, March 2021.) 

  23. Insight Partners press release, “Linktree Raises $110 Million USD Led By Index and Coatue,” March 2022. https://www.insightpartners.com/ideas/linktree-raises-110-million-usd-led-by-index-and-coatue-to-power-next-phase-of-growth-for-creators-consumers-and-brands/

  24. Index Ventures, “Figma Goes Public: Thirteen Unforgettable Years with Dylan Field,” by Danny Rimer, accessed March 2026. https://www.indexventures.com/perspectives/figma-goes-public-thirteen-unforgettable-years-with-dylan-field/

  25. Mishcon de Reya Jazz Shapers, “Danny Rimer,” January 12, 2019. https://www.mishcon.com/jazzshapers/danny-rimer-12-01-2019

  26. Index Ventures, “High fashion and tech turned Farfetch into a luxury powerhouse,” accessed March 2026. https://www.indexventures.com/perspectives/high-fashion-and-tech-turned-farfetch-into-a-luxury-powerhouse/

  27. Index Ventures, “Glossier” portfolio page, accessed March 2026. https://www.indexventures.com/companies/glossier/

  28. TechCrunch, “Granola Series C,” March 25, 2026, accessed March 2026. https://techcrunch.com/2026/03/25/granola-series-c