Accel raises $3B to invest in tech startups: 10 winning UK companies backed by Silicon Valley VC


Palo Alto-based Accel is an early and growth-stage venture capital firm that helps a global community of entrepreneurs. In a recent development, the VC announced the close of three funds totaling $3.05 billion to back early-stage startups and grow capital for companies that are more mature.

To be specific, Accel announced its 15th early-stage US funding at $650 million, seventh early-stage European and Israeli fund also worth the same and sixth global growth-stage fund worth $1.75 billion. With the investment, Accel intends to back 20 to 30 companies per fund with the average investment ranging from $50 million to $75 million from the growth fund and $75 million to $100 million from the global Leaders fund.

The VC firm is eyeing to invest in companies outside of Silicon Valley and has an office in London too. With a worldwide investment plan, the company has already backed several global companies and includes Slack, CrowdStrike, and UiPath among…

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