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Accel raises $2.25bn

Accel nears final close on its third 'Leaders' fund.

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Fund name: Accel Leaders III
Fund size: $2.25 billion
Target amount: $2.3 billion
Date of first sale: December 2020

Accel is close to reaching the target amount for Accel Leaders III. The fund will provide growth capital to the technology sector. Its predecessor raised $500 million.