Global venture capital major Accel has closed more than $3bn of new capital across a trio of fundraises.
The firm has picked up $1.75bn for its sixth global growth fund, $650m for its latest US fund and an indentical amount for its seventh Europe and Israel-focused vehicle.
Accel said the new global growth fund would invest alongside a Leaders fund it quietly closed on $2.3bn last December.
The firm closed its previous Leaders fund on $500m in 2019, alongside $1.5bn for its fifth growth-stage fund and $525m for its fourteenth flagship venture capital fund.
Accel said of the latest fundraising tranche, “Though much has changed in the world with entrepreneurship stretching across the world at an accelerating rate, much has stayed the same at Accel.
“We long ago designed ourselves as a global partnership to work with the most innovative companies, wherever they may originate — be it a UiPath in Bucharest, Romania, a Crowdstrike in Irvine, California, a Slack in Vancouver, Canada, or a Freshworks in Chennai, India.
“Today’s exceptional founders are not bound by geography in the pursuit and realization of their visions, and we think the next generation of technology leaders will follow this same pattern — taking local inspiration to the global stage.”
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