Private Equity

Accel hits close on $500m European fund in a 'matter of weeks'

Venture capital firm that backed Facebook takes advantage of boom in tech appetite to raise its fifth fund

Tuesday 12 April 2016 at 06:39

Accel London, the UK arm of the Silicon Valley-based venture capital firm Accel Partners, will target investments in Europe and Israel with its latest tech fund.

The fund took "a matter of weeks" to hit a first and final close on $500 million, underscoring increasing investor appetite for European technology startups, according to a person familiar with the matter.