trending Market Intelligence /marketintelligence/en/news-insights/trending/09_3MBziDuz-nLqdzQHEdg2 content esgSubNav
In This List

Update: Accel raising up to $2.53B across 3 venture capital funds

Blog

Balance Sheet Strategy in an Unusual Rate Environment

Blog

Investors' Views of the Industry Today & the Outlook for Tomorrow

Blog

Japan M&A By the Numbers: Q1 2022

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A


Update: Accel raising up to $2.53B across 3 venture capital funds

Accel is raising up to approximately $2.53 billion across three venture capital funds.

The California-headquartered venture capital firm, which also has offices overseas, already pulled in $525.0 million for Accel XIV LP and $500.0 million for Accel Leaders Fund II LP. It is also raising $1.50 billion for Accel Growth Fund V LP, which has attracted 168 investors so far, according to separate SEC filings March 15.

The firm will use the funds to back technology startups, Bloomberg News reported March 14, citing a person with knowledge of the matter.

Accel seeks to invest in information technology, cloud computing, storage technologies and infrastructure, among other sectors, according to S&P Global Market Intelligence data.