Another addition to the Silicon Roundabout in Shoreditch Valley

Index has invested in over 100 start-up companies across Europe and the US and yesterday co-founder Neil Rimer said: "Our intention is to do something that gets us even closer to the teams we work with, hold open office hours to meet some of the new companies we don't, and generally embed ourselves in what is one of the hottest start-up zones in Europe."

Index isn't the first VC firm to settle in this part of town; a year ago White Bear Yard (which provides funding and office space to start-ups) opened an office in Clerkenwell Road. The Index addition is a ringing endorsement for the area around the Old Street roundabout, including Shoreditch and Hoxton - an area intent on becoming the UK's answer to Silicon Valley.

Index will be getting up close and personal with a number of its investments that also have offices at Old Street:

Moo: An online printing business that offers business cards, MiniCards (like business cards but half the size) and regular postcards.

Soundcloud: An online discussion site based on sounds recorded and submitted by users.

Tweetdeck: An application for managing your social contacts through Twitter, Facebook, MySpace and LinkedIn.

SparkPR: A global PR firm founded in Silicon Valley in 1999 representing technology in multiple industries.

The really good news for start-ups is Index is here to help: "We couldn't be more excited about London and the opportunities to build great international start-ups here and hope that being East as well as West will help us in this quest," said Rimer.

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