Accel Creates $500 Million Fund To Back The Next Generation Of Entrepreneurs

    The Nordic region will remain as Accel‘s priority market for investments.

    Global venture firm Accel announces today Accel London V, a $500 million fund, for supporting startup entrepreneurs in Europe and Israel.

    Accel’s funds under management in the region stands now at 2.5 billion dollars.

    In the last year, Accel has seen among others the sale of Supercell in Finland to SoftBank, the sale of Avito in Russia to Naspers, and the successful IPO of Showroomprive on Euronext in France.

    The London-based company’s investments have generated over $15 billion in exit market value in 2015 alone.