Global venture capital firm Accel has raised $3.5 billion across four new funds to back early-stage startups across the US, Europe, and India, strengthening its focus on companies from their earliest stages through follow-on investments.
- The fundraising includes an $800 million fund focused on the European market, alongside a $1.35 billion global expansion fund, an $800 million US fund, and a $550 million fund targeting Indian startups.
- The new European vehicle is Accel’s ninth dedicated fund for the region and is larger than its previous $650 million fund. Accel has maintained a presence in Europe for more than two decades through its London team and has backed companies including Monzo, Trade Republic, Vinted, Lovable, Legora, n8n, and Synthesia.
- The new funds will support Accel’s early-stage investment strategy while providing additional capital for larger initial investments and follow-on rounds. The firm is also placing a strong focus on artificial intelligence, arguing that the technology remains in the early stages of transforming industries and creating new business categories.
- With the new fundraising, Accel is expanding its capital base across key startup markets while maintaining its focus on backing companies from the earliest stages of development.
