Astorg led off with a strong offensive strategy, utilizing Algolia to drive solid conversion lifts and Nintex to slash product lifecycles. However, Index Ventures' transition game and revenue-generating engine were unstoppable. Powered by Anthropic's staggering $4 million ARR highlight in just four weeks and Gong's massive 300% revenue multipliers, Index controlled the momentum from the tip-off. Backed by lightning-fast pipeline and conversion speed runs from Common Room and Iterable, Index Ventures takes home the championship with a dominant display of top-line acceleration and rapid deployment.
Key Plays
Play 1, The Fast-Break Time-to-Market
•Astorg: Nintex pushed the pace of the game, accelerating product lifecycle management workflows from a sluggish five months down to a blazing two weeks. Xceptor kept the transition offense moving by slashing complex client onboarding times by 50%.
•Index Ventures: Anthropic ran a devastating fast break, powering StackBlitz to build and launch an MVP in under two weeks. Lovable completely changed the game speed by using Anthropic's Claude to accelerate software development by 20x to seal the fast-break points.
Winner: Index Ventures
Play 2, The Top-Line Revenue Slam Dunk
•Astorg: Algolia went hard to the rim, powering CredibleMind to a doubled (2x) year-over-year revenue growth. Acturis added solid points in the paint by consistently delivering annual revenue growth highlights of over 20%.
•Index Ventures: Gong threw down a massive alley-oop, driving a jaw-dropping 300% increase in ARR for Datarails through wildly creative campaigns. Iterable followed up with a heavy putback dunk, delivering a 200% revenue increase highlight reel for its marketing ecosystem.
Winner: Index Ventures
Play 3, The Pipeline & Conversion Pick-and-Roll
•Astorg: Algolia executed a textbook pick-and-roll, driving a 30-40% increase in conversions for Easy24 and a 22% conversion boost for Swedol.
•Index Ventures: Common Room completely took over the fourth quarter, identifying open-source buying signals to grow Semgrep's qualified pipeline by 74% in a single quarter. ServiceTitan delivered the final dagger, generating a quick $182,000 in sales in under two months to put the game away.
PSG came out with a strong start, heavily anchored by Impact.com's staggering 1,896% growth highlights and Conversica's massive revenue multipliers. However, ICONIQ Capital's transition game and inside presence were simply unstoppable. Driven by AcuityMD's multi-million-dollar pipeline generation and Braze's unbelievable 1,500% conversion lifts, ICONIQ controlled the tempo from the tip-off. Backed by lightning-fast, time-to-market speed runs from Writer and Fivetran that reduced launch cycles from months to mere minutes, ICONIQ Capital takes home the championship with a dominant display of top-line acceleration and rapid deployment.
Key Plays
Play 1, The Fast-Break Time-to-Market
•PSG: Apaleo pushed the pace, cutting property management system rollouts from months or years down to just days. CommBox kept the transition offense moving, accelerating lead response times from 7 days to a blistering 36 hours for SolarEdge.
•ICONIQ Capital: Writer threw a flawless full-court pass, speeding up Adore Me's time to market from months down to minutes. Fivetran kept the tempo blazing, slicing data integration and launch timetables from months to mere hours for Daydream to seal the fast-break points.
Winner: ICONIQ Capital
Play 2, The Pipeline Pick-and-Roll
•PSG: Conversica executed a textbook pick-and-roll, driving a 300% conversion increase for Leica Geosystems and sparking a 600% revenue surge for Perimeter 81. Lusha added to the scoreboard by doubling weekly prospects for FortuneTech and driving 10x contact growth for NEXTGEN.
•ICONIQ Capital: Braze hit a deep three from well beyond the arc, lifting conversions by an unbelievable 1,500% for Coches and 64X for Splice. Highspot cleared the lane in the paint, boosting pipeline opportunities by 65% for Loadstone and driving a 22% increase in average deal sizes for Paycor.
Winner: ICONIQ Capital
Play 3, The Top-Line Revenue Slam Dunk
•PSG: Impact.com went hard to the rim, powering LetsGetChecked to a massive 1,896% overall growth and helping Rastelli's secure a 505% quarter-over-quarter revenue spike. Pacvue followed up with a heavy putback dunk, delivering a 140% sales surge for L'Oréal.
•ICONIQ Capital: AcuityMD completely took over the fourth quarter, generating a massive $20 million pipeline for Anika Therapeutics and another $20 million for a brand new MedTech product launch. People.ai delivered the final dagger, unlocking $13.5 million in new pipeline for PTC and driving a 42% rep booking increase for Zoom to put the game away.