VC firm Accel has held a final close for its sixth European early-stage fund, Accel London VI, on $575m.
It will follow the same strategy as its predecessor, Accel London V, which raised €500m in 2016 to invest in early-stage European and Israeli startups.
The raise brings Accel's AUM in Europe to $3bn.
Public pension funds, including the State of Michigan Retirement Systems, backed the previous fund, according to Unquote Data.
Accel will invest in startups across Europe and Israel at the series-A stage.
Accel – Philippe Botteri (partner).
Vehicle was registered in Luxembourg in September 2018 and held a first close earlier in the year
Fund will follow the same strategy as its predecessor, Accel London V, which raised €500m
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