Global venture capital firm Accel closed its sixth fund to be invested in early stage companies across Europe and Israel, at $575m.
With the new vehicle, Accel will continue to follow its strategy of partnering early (typically at the Series A round) with the most ambitious entrepreneurs in Europe.
Successes include Avito, BlaBlaCar, Celonis, Check24, Deliveroo, Doctolib, DocuSign, Funding Circle, Spotify, Supercell, and UiPath, recently valued at $7 billion (and where Accel is the largest investor).
The core investment team of partners and principals based in London will continue to focus on early stage companies, seeking out founders who are building market-defining businesses in both the consumer and enterprise sectors.
The firm’s investment team members based in London include:
– Luca Bocchio
– Philippe Botteri
– Andrei Brasoveanu
– Kevin Comolli
– Sonali De Rycker
– Bruce Golden
– Luciana Lixandru
– Harry Nelis
– Seth Pierrepont
Accel’s funds under management in Europe now stand at $3 billion.