Accel London Raises $575 Million Fund Aimed at European and Israeli Startups

Accel London has completed raising a $575 million fund dedicated to investments in early stage companies in Europe and Israel, Accel announced Thursday. The fund’s initial investments will range from $5 million to $15 million per company.

Accel London previously invested in music streaming app Spotify and London-based food delivery company Deliveroo, as well as Israel-based genealogy company MyHeritage Ltd., cybersecurity company Imperva Inc., and online gig marketplace Fiverr Int. Ltd.

Launched in 2000, Accel London is the EMEA office of California-headquartered venture capital firm Accel Partners. The latest fund, which is Accel’s sixth European fund, brings Accel’s funds under management in Europe to about $3 billion.