Accel Raises $500M For New Venture Fund In Europe & Israel

April 13, 2016| Venture capital firm Accel announced the launch of Accel London V; a $500 million fund that will invest primarily in the UK’s start-up community. The fund is intended to “support the next generation of entrepreneurs” across the UK and will also invest in burgeoning business opportunities in Europe and Israel, with a focus on marketplaces, software-as-a-service (SaaS), and next generation infrastructure. Since launching its London office in 2000, Accel has invested in early to growth-stage businesses across 19 countries in a cross-sector of industries including software infrastructure, cloud computing, SaaS, and financial services. The VC firm has participated in a number of major funding rounds in UK start-ups. Accel claims its London team’s investments generated more than $15bn in exit market value in 2015 alone.