TLDR:
- Accel has raised a €602.7 million fund to support early-stage founders in Europe and Israel.
- The firm aims to partner with transformative technology companies in various sectors.
Accel, a well-known venture capital firm, has announced the launch of a new €602.7 million early-stage fund to back ambitious founders in Europe and Israel. This fund is the eighth of its kind and will continue the firm’s strategy of partnering with innovative startups in both the enterprise and consumer technology sectors.
The firm, which has been active in Europe for over 24 years, opened its London office in 2000 when the region’s tech ecosystem was still developing. Despite initial doubts about Europe’s ability to produce successful tech companies, Accel saw the potential in ambitious founders from the region. Over the years, the firm has built relationships with many iconic companies in Europe and Israel, laying the groundwork for the thriving tech landscape we see today.
Accel’s investment in the region has paid off, with Europe now boasting its own unicorns and decacorns. The European and Israeli VC market has grown significantly, with billions of dollars being invested in startups each year. Accel has backed over 200 companies in more than 60 cities and 20 countries, including emerging tech hubs outside of the traditional ones.
The firm’s recent investments in Europe and Israel include companies like Cyera, Filigran, Lottie, Oasis, Synthesia, and Viso. Accel’s deep knowledge of the region and its commitment to supporting the next generation of founders make it a key player in the European and Israeli tech ecosystem.
