Global VC firm Accel Partners today announced the inaugural and final close of Accel London IV, a $475 million fund focused on Europe and Israel. The fundraising brings Accel’s total funds under management for the region(s) up to $2 billion.
In a press release, Accel Partners boasts that the fund was raised with “unprecedented speed and demand” but didn’t mention any names of investors.
Kevin Comolli, a partner at Accel who opened the London office 13 years ago, did however say the fund was raised in eight weeks and was “significantly over-subscribed”.
Accel London IV, the firm says, will continue to invest in early and growth-stage companies focusing on consumer Internet, big data, cloud, SaaS and mobile.
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