Accel, a venture capital firm with offices in Silicon Valley, London and Bangalore, has raised a new $575 million fund aimed at early stage companies in Europe and Israel.
The fund, which is Accel’s sixth since the firm opened a London office in 2000, will primarily back early-stage companies, Philippe Botteri, an Accel partner, said in an interview ahead of the announcement. Botteri said each portfolio company invested in from the new fund would receive $5 million to $15 million, with money reserved for follow-on investments.
