Accel raises $5B to back late-stage bets
TechCrunch·2h ago·Positivity
What Happened
Accel raised $5 billion in new capital Tuesday for late-stage company investments. The firm allocated $4 billion to its Leaders Fund, planning at least 20 checks averaging $200 million each. Accel targets AI-powered technology across software, hardware, robotics, defense, and data centers. Limited partners contributed $650 million to a sidecar fund for increased flexibility. The company has backed over 800 firms, including Anthropic and Perplexity.
Key Entities
AccelLeaders FundAIAnthropicPerplexityLovable$5 billion