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).
Polygon, a Swedish property damage control company backed by Triton Partners, has acquired Hiotlabs, a Stockholm-based provider of sensors that detect and prevent water damage in buildings.
Programma 102 and Ita500, a venture capital fund launched by Azimut Libera Impresa, deploy €3m
Bellavita, Moccagatta and Rizzo will lead the Italian investment banking activity of Alantra
Germany-based GP will retain a 25% stake in the company, according to a competition authority filing