Accel launches $500m fund to fuel UK start-up growth
Accel London V will be used to invest in the "next generation of entrepreneurs" across the UK, Europe and Israel...
Venture capital firm Accel has today announced the launch of Accel London V; a $500m fund that will invest primarily in the UK’s start-up community.
The fund is intended to “support the next generation of entrepreneurs” across the UK and will also invest in burgeoning business opportunities in Europe and Israel, with a focus on marketplaces, software-as-a-service (SaaS), and next generation infrastructure.
Since launching its London office in 2000, Accel has invested in early to growth-stage businesses across 19 countries in a cross-sector of industries including software infrastructure, cloud computing, SaaS, and financial services.
Accel claims its London team’s investments generated more than $15bn in exit market value in 2015 alone.
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.”