Early Facebook investor Accel raises $650 million fund to back European and Israeli startups
Publishing timestamp: 2024-05-14 03:12:00
Summary
Accel has raised $650 million for its eighth fund focused on investing in European and Israeli early-stage startups, indicating a potential recovery in the venture capital market. The firm believes Europe is well-positioned to create important AI companies and will focus on AI application companies with its latest fund.
Sentiment: POSITIVE
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