Accel closes new fund for European investments

Funding opportunity

Accel Partners, the venture capital firm, announced the closing of two new funds, Accel Growth Fund at $480 million and Accel London III at $525 million.

“We’re very pleased with the support of our long-time investors in these unique economic times,” said Jim Breyer, Partner at Accel. “This milestone represents a continued validation of Accel’s strategy to back the leading technology and media companies globally, from inception through growth.”

Accel London III will invest in early stage and growth companies across Europe and Israel in Accel’s historical sectors of expertise, including information technology, internet, software, media, mobile, and communications.

Kevin Comolli, Partner at Accel London said, “The successful raising of Accel London III is a tribute to the quality of our team and portfolio, the huge market opportunity in the region and the distinctiveness of Accel’s global approach.”

Accel London is the only leading venture firm operating in Europe with a Silicon Valley heritage and a global footprint, claims Bruce Golden, Partner at Accel London. “Entrepreneurs who are truly focused on building defining, standalone public companies, are seeking investors with the expertise, global network of resources, patience and ambition to help them achieve their dream of creating the next market leader.”

Accel London says it offers a combination of Silicon Valley best practice experience and intimate knowledge of local investment requirements in Europe and Israel. The firm’s current investments include Alfresco, Amobee, Check24, Gameforge, Kayak, Qliktech, Playfish, Super Derivatives, and Varonis.

The Accel Growth Fund based in Palo Alto, California will also focus on information technology, internet, digital media, mobile, networking, software, and services.