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Accel Partners To Launch $2B Funds

Accel Partners is planning to launch four new vehicles with an overall target of around $2 billion.

Accel Partners is planning to launch four new vehicles with an overall target of around $2 billion, The Wall Street Journal reports. The U.S. venture-capital firm is raising a growth-oriented fund and an early-stage venture fund that would total more than $1 billion.

The California-based firm is also floating two China funds, which would also total nearly $1 billion. Accel Partners has previously made investments in companies, including Facebook and daily deals site, Groupon.

Click here for the story from The Wall Street Journal.

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