Fundraisers

Accel raises $575m

The global venture capital firm has closed its sixth fund focused on Europe and Israel.

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Accel has announced the final close of its sixth fund focused on early stage companies in Europe and Israel. Accel London VI has raised $575 million for technology investments in both the consumer and enterprise sectors.

Accel London V closed at $500 million in April 2016 and was backed by the University of Michigan, the Michigan Department of Treasury, MetLife and the John S. and James L. Knight Foundation.