Accel raises $3.5 billion to establish four funds to invest in early-stage AI startups globally

Global venture capital firm Accel announced that it has raised a new fund of $3.5 billion for early-stage investments worldwide. A total of four funds were raised, including a global expansion fund of $1.35 billion for larger early rounds and follow-on investments; the U.S. fund and the European and Israeli funds are each $800 million, while the Indian fund is $550 million.

Accel partner Harry Nelis stated that companies are raising funds more quickly in their early stages than ever before, which presents opportunities for investors, although the scale of risk still exists. Accel has invested in AI companies such as Anthropic, Cursor, and Perplexity.