Global Venture Capital firm Accel announced a new $4 billion later-stage fund to provide expansion capital to promising companies within its own portfolio worldwide, as well as other aspiring firms.
Accel set up local teams and establish a deep presence in exciting regions such as Europe (since 2000) and India (since 2008).
Accel India has invested in companies like Flipkart, Freshworks, Swiggy, Spinny, Vedantu, Zetwerk, Infra.Market, Moglix, Browserstack and others.
In March this year, Accel announced its seventh India fund with $650 million.
The $4 billion fund complements its early-stage and growth-stage funds.
Other companies where Accel has invested in include Atlassian (Sydney), Celonis (Munich), Chainalysis (New York), CrowdStrike (Irvine), Slack (Vancouver), Spotify (Stockholm), UiPath (Bucharest) and dozens more.