Monzo and Lovable backer Accel raises enlarged $800M early-stage fund
The VC giant, which has backed Lovable, Synthesia and other current prominent European startups, has raised an enlarged $800m fund to invest in early-stage startups across Europe and Israel as part of...
Venture capital firm Accel has raised an expanded $800 million fund to invest in early-stage startups across Europe and Israel, as part of a broader $3.5 billion raise for global early-stage investments. Accel, with offices in Silicon Valley, London, and Bangalore, has allocated these funds across four distinct funds: $1.35 billion for a global expansion fund, $800 million for US startups, $800 million for European and Israeli investments, and $550 million for Indian startups.
Founded in London over 25 years ago, Accel's latest European and Israel fund is its ninth of its kind, surpassing its previous $650 million fund in Europe and Israel. The firm has previously supported prominent European startups such as Monzo, Trade Republic, Vinted, Lovable, Legora, n8n, and Synthesia. Accel's CEO, Harry Nelis, emphasized their focus on building relationships and partnering with founders at the earliest stages, acknowledging that the AI transformation is still in its early stages.
He expressed excitement about backing the next generation of companies shaping the future through AI.
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