Accel raises $800m for ninth early-stage Europe fund
Accel has raised $800m for its ninth Europe and Israel early-stage fund, alongside $2.7bn for three other funds.Summary
US-based venture firm Accel has successfully raised $800 million for its ninth early-stage Europe and Israel fund, alongside an additional $2.7 billion for three other funds. Despite its American headquarters, the firm has been active in Europe for over 25 years and has backed nearly 250 European companies, including major names like UiPath, Monzo, and Doctolib. The firm is currently focusing on high-growth sectors such as defence and AI, having recently invested in startups like Lovable, N8n, Cambridge Aerospace, and Legora. Accel partners emphasize that Europe's tech ecosystem has evolved dramatically, with AI being described as the most transformative technology seen to date. This new fund follows a $650 million raise for a similar fund just two years ago.
(Source：Sifted Eu)