Accel Partners has announced the close of its London VI fund
The firm has raised $475 million to be focused on Europe and Israel, with what they call ‘unprecedented speed and demand’.
This now takes Accel’s total funds under management in Europe and Israel to $2 billion.
The fund was raised in eight weeks, and was ‘significantly over-subscribed’ according to Kevin Comoli, a Partner at Accel London.
Accel Partners has invested in some of the biggest tech companies in the world – including Facebook and Groupon.
Accel London’s portfolio includes tech firms like Mind Candy, Wonga and Spotify.
Harry Nelis, another Partner at Accel London says that ‘innovation and entrepreneurship are thriving in Europe’ and that ‘with technology hubs developing across the region, the next billion-dollar company could emerge from anywhere’.