TLDR: Accel Raises $650m Fund to Support Founders in Europe and Israel
- Accel raises $650 million early-stage fund to support founders in Europe and Israel
- Europe and Israel’s tech ecosystem has grown significantly in recent years
Accel, a Silicon Valley VC, has raised a $650 million fund to back ambitious founders in Europe and Israel. The fund aims to support building global category-defining companies in the region. Since opening its London office in 2000, Accel has witnessed the growth of Europe’s tech ecosystem, with notable successes such as Skype, Supercell, and UiPath. Dealroom data shows that the European and Israeli VC market is nearly half the size of the US market, with around $66 billion invested in 2023.
Accel has backed over 200 companies across more than 60 cities and 20 countries in Europe and Israel, including emerging tech hubs. The firm has a strong track record of investing in European and Israeli unicorns at the Series A stage. Accel’s partnership with exceptional founders, regardless of location, has been a key factor in its success. The firm’s deep knowledge of the region and the talent it produces in areas like AI, cybersecurity, and fintech position it well to support the next generation of founders.
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