Accel raised $3.5bn. Europe now gets the same fund as the US - Europe
• Venture capital firm Accel has raised $3.5 billion, notably allocating equal funding amounts to its European and US operations. • The strategy includes a $1.35 billion expansion vehicle designed to allow the firm to write larger checks for later-stage rounds while maintaining the discipline of modest early-stage funds. • This move signifies a strategic shift to provide European startups with the same level of financial backing and scaling opportunities as those in the US.
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