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14 May 2024
Finance & Funding
Accel has raised a $650 million fund to support early-stage companies in Europe and Israel.
This is Accel's eighth fund focused on the region. The fund will invest in up to 30 startups over three years, targeting cybersecurity, enterprise software, and AI sectors. Accel aims to back promising companies from seed to Series A, reserving funds for top performers in later rounds, despite economic downturns and the exit of some foreign VCs.
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