• Screw The Downturn. Accel Raises A Cool Billion In New Funds

    Wednesday, December 10th, 2008

    J. Michael Arrington (born March 13, 1970 in Huntington Beach, California) is a serial entrepreneur and the founder of TechCrunch, a blog covering startups and technology news. Arrington attended Claremont McKenna College (BA Economics, 1992) and Stanford Law School (JD, 1995) and practiced as a corporate and securities lawyer at two law firms: O’Melveny & Myers and Wilson Sonsini Goodrich... → Learn More

    Twenty five year old venture capital firm Accel Partners is announcing two new funds today that add more than $1 billion to their war chest: Accel Growth Fund at $480 million and Accel London III at $525 million.

    The Growth Fund will focus on later stage investments information technology, internet, digital media, mobile, networking, software, and services. The London fund will continue to invest in early and late stage European and Israeli startups.

    Accel has over $6 billion under management. The firm’s current and past portfolio includes Baidu, Brightcove, Comscore, Etsy, Facebook, Walmart.com, Zimbra and dozens of other startups. Accel has offices in Palo Alto, London and Bangalore as well as in China via a IDG-Accel Partnership.

    If you want some of that new money, start here.

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