Accel Secures $3B Across Three Funds to Fuel Global Startup Growth
Silicon Valley venture capital giant Accel has closed three new funds totaling $3.05 billion, signaling strong investor confidence in the tech startup ecosystem. The funds will target early-stage startups and growth-stage companies worldwide, reinforcing Accel’s commitment to global investing.
Breaking Down Accel’s $3B Fund Strategy
Accel’s latest funding round includes:
- $650M Early-Stage U.S. Fund (15th fund) – Focused on seed and Series A investments
- $650M Early-Stage Europe & Israel Fund (7th fund) – Expanding European tech ecosystem support
- $1.75B Global Growth Fund (6th fund) – Complementing a previously unannounced $2.3B “Leaders” fund for later-stage investments
According to Partner Rich Wong, Accel plans to invest in 20-30 companies per fund, with growth-stage checks ranging from \(50M-\)100M. Notably, the firm remains committed to early-stage incubation, writing seed checks as small as \(500K-\)1M.
Why Global Expansion Matters
Accel’s investment thesis emphasizes “invest early and locally”, with:
- Offices in Silicon Valley, London, and Bangalore
- Portfolio companies spanning Mexico, Sweden, Israel, Germany, and beyond
- Recent success stories including UiPath, Bumble, and Deliveroo IPOs
“Our goal is to find the best entrepreneurs regardless of where they are,” says London-based Partner Sonali de Rycker.
Key Trends Driving Accel’s Strategy
- Longer Private Company Lifespans – More opportunities to support companies pre-IPO
- Borderless Markets – Smartphone/cloud adoption enables global scaling
- Patient Capital Approach – Some investment relationships develop over 6+ years (e.g., 1Password)
Recent Notable Investments
- Fintech: Flink (Mexico), Trade Republic (Berlin), Unit, Public
- Enterprise Tech: Webflow (no-code platforms), Hopin (virtual events)
- Industrial Tech: Plex Systems ($2.22B acquisition by Rockwell Automation)
The Road Ahead
While Accel remains open to emerging sectors like crypto, Wong notes they’re taking a measured approach rather than launching dedicated crypto funds. The firm’s expanded \(2.3B Leaders fund (vs. \)500M in 2019) reflects growing opportunities in late-stage private companies.
This latest fundraise positions Accel to continue its 38-year legacy of identifying and nurturing groundbreaking startups worldwide.
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