Accel raises $3.5 billion to set up four funds to invest in early-stage global AI startups

In comparison, global venture capital firm Accel announced that it has raised $3.5 billion in new funds to make early-stage investments around the world. A total of four funds have been raised this time, including a global expansion fund of US$1.35 billion for large-scale early round and subsequent investments; the US fund and the European and Israeli fund are all US$800 million, and the Indian fund is US$550 million.

Accel partner Harry Nelis said that the company raised more capital faster in the early stages of establishment than before, which presents opportunities for investors, while the scale of risk still exists. Accel has invested in AI companies such as Anthropic, Cursor, and Perplexity.