Venture capital firm Accel has secured $5bn in new capital. including $4bn allocated to the firm’s latest Leaders fund, as it looks to expand its exposure to high-growth artificial intelligence companies, according to a report by Bloomberg.
The Leaders fund targets large, late-stage investments globally, alongside a $650m sidecar vehicle designed to increase exposure to select high-conviction positions within its portfolio.
The new funds will support Accel’s strategy of backing a concentrated nu...
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