Accel Partners Raises New Funds Totaling Over $1B, As High-Profile Partners Cut Back Roles

Accel Partners, one of the Silicon Valley’s biggest venture capital firms best known for its early investment in Facebook, has raised two new funds totaling $1.475 billion, Forbes reported earlier today. According to the report, the $475 million Accel 12 fund will focus on early-stage investments, and a new $1 billion Accel Growth 3 fund will invest in growth-stage companies to help them… Read More