UK/US - Accel raises more than $1bn

Accel London III will continue the strategy of its predecessors, targeting both early-stage and growth businesses in Europe and Isreal that operate within the information technology, internet, software, media and communications sectors. Accel Growth Fund will focus on growth equity transactions across a broad range of sectors including information technology, internet, digital media, mobile, networking, software and services, with a focus on building businesses on a global level.

Accel Partners was founded in 1983 and has a total of $6bn under management. The firm has offices in Palo Alto, California; London, UK; Bangalore, India; and in China via its partnership with IDG.

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• Topics
• Buyout
• UK / Ireland
• Media
• Technology