Accel raises $5B to back late-stage bets

Accel has maintained its India fund size at $650 million for its eighth vehicle, even as other venture firms in the region are racing to raise increasingly larger pools of capital. The firm had ample opportunity to raise “multi-billion dollars,” said Shekhar Kirani, partner at Accel, in an interview with TechCrunch. But unlike peers who have supersized their funds, Accel is holding steady based on a calculated analysis of India’s venture opportunity. Peak XV has amassed $2.5 billion in its newe

Jan 5, 2025

Google and Accel will jointly invest up to $2 million in each startup through their new partnership.

Nov 24, 2025

Accel has raised $650 million for its eighth India fund as the U.S. venture firm expands its investment strategy in the South Asian market. The new fund follows the firm’s seventh India fund secured in March 2022. Accel — which has backed companies including e-commerce group Flipkart, food delivery platform Swiggy and software group Freshworks — has established itself as India’s most successful venture firm, serving as the first institutional investor in its portfolio companies. The firm wrote

Jan 1, 2025

Acrew Capital has raised $700 million in fresh funds. The San Francisco-based venture capital firm announced in a blog post on Thursday that it raised $700 million to invest in companies building in data and security, healthcare, or fintech. This fundraise brings the firm’s assets under management to $1.7 billion. It’s unclear how much of the $700 million will go to the firm’s early-stage strategy, which invests $1 million to $15 million into seed and Series A companies, and how much will go fo

Oct 18, 2024