Venture Firm Accel, Backer Of Anthropic, Perplexity, Unveils $5 Billion Fund

Venture Firm Accel, Backer Of Anthropic, Perplexity, Unveils $5 Billion Fund

Venture Capital firm Accel has raised $5 billion in late-stage capital to allocate towards artificial intelligence startups.

Accel raises $5 billion AI fund after Anthropic and Cursor returns soar

In short: Accel has raised $5 billion in new capital, comprising a $4 billion Leaders Fund V and a $650 million sidecar, targeting 20-25 late-stage AI investments at an average cheque size of $200 million. The raise follows standout returns from its Anthropic stake (invested at $183B, now valued near $800B) and Cursor (backed at […] This story continues at The Next Web

Accel raises $5B to back late-stage bets

Accel announced on Tuesday that it raised $5 billion in fresh capital to back late-stage companies building AI.

Accel raises $5bn to capitalise on surging AI investment opportunities

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 su…

Accel Prepares to Pour $5 Billion Into Global AI Breakouts

Venture capital firm Accel has raised $5 billion in late-stage capital to invest in artificial intelligence (AI) companies. The company’s partners said in a Tuesday (April 14) blog post that AI has reduced the distance between having an idea and scaling it, that the market is expanding to match that change and that the defining companies of the next decade are taking shape now. “In our view, this market cycle represents the early phase…