Accel Partners is an investment and asset management company, primarily through venture capital funds, dedicated to injecting funds into companies in early stages of growth in exchange for an equity stake.
The firm recently created a $650 million fund that will invest in “exceptional” early-stage startups in Israel and Europe.
By 2023 it had already invested 66 billion in early stage companies in Israel and Europe, and this is Accel's eighth early stage fund that will focus on this venture capital market.
“Finding, building relationships and partnering with exceptional founders, regardless of where they are located, has always been in our DNA,” said Harry Nelis, a partner at the Silicon Valley-based firm.
In addition, he added that Accel's “capillary networks cultivated for more than two decades ensure that our team has a deep knowledge of the region. With Europe and Israel producing exceptional talent in areas such as AI, cybersecurity, fintech and the modern data stack, we look forward to supporting the next generation of founders.”