Accel raises $500 million fund to invest in European and Israeli startups

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Accel London team

Accel London team’s investments have generated over $15 billion in exit market value in 2015 alone. Today the leading global venture capital firm announces Accel London V, a $500 million fund at a time of unprecedented opportunity in Europe and Israel. Israel has been and will remain a priority market for investment.

Accel Partners, the global venture capital firm, opened its London office in 2000 with the strategy to partner with extraordinary entrepreneurs, who have the ambition to build category-defining businesses, and invest in private companies at any stage from inception to growth.

Since then, Accel has backed teams across 19 countries in all technology sectors. These range from enterprise, including software infrastructure, cloud computing, SaaS and security software, to consumer, such as mobile, marketplaces and financial services.

The firm’s investments represent some of the most innovative businesses from London to Tel Aviv. They include companies such as online comparison service CHECK24 in Germany, on-demand premium food delivery business Deliveroo and fintech stalwart Funding Circle in the UK, long-distance ridesharing service BlaBlaCar in France and Norwegian-originated identity management platform ForgeRock.

Many of these companies have become the region’s most successful. In the last year, Accel has seen the sale of Supercell in Finland to SoftBank, of Avito in Russia to Naspers, and the successful IPO of Showroomprive on Euronext in France, among others.

Harry Nelis, Partner at Accel London, said: “Entrepreneurship is flourishing everywhere across Europe and Israel; we’ve never seen so many great founders, both gritty and ambitious, come out of the region, and are excited to help them build the next generation of truly great, enduring businesses.”

“We are grateful to be backed by many of the world’s best institutions, including premier endowments, pension funds and research institutes, and will continue to work hard to generate superior returns so that they too may be successful in serving their communities.”

Last month Accel launched two U.S. funds — $500 million for early-stage companies and $1.5 billion for later-stage firms.

Accel’s funds under management in Europe and Israel now stand at $2.5 billion.

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