Accel announces new $650 million European and Israeli early-stage fund
The VC giant has made 20 investments in Israel to date, including in unicorns Snyk, Melio and Fiverr
Meir Orbach | 13:01 29.06.2021
Accel announced on Tuesday that it has raised $3.05 billion across three new investment vehicles, including a $650 million European and Israeli early-stage fund, as well as a $650 million U.S. early-stage fund, and a $1.75 billion growth fund. According to the company, "the early-stage European and Israeli fund, along with the growth fund, will enable the firm to support teams building global category-defining companies out of Europe and Israel, from inception to IPO." Accel has made 20 investments in Israel to date, including in the likes of Snyk, which raised $300 million at a $4.7 billion valuation, Melio, which raised $110 million at a $1.3 billion valuation, and Fiverr, which went public in 2019.