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Accel Funds Raise $1.35B

Accel Partners has raised a total of $1.35 billion for two of its two U.S. portfolios.

Accel Partners has raised a total of $1.35 billion for two of its two U.S. portfolios, Private Equity Hub reports. The Palo Alto-based firm has closed the Accel XI with $475 million and the Accel Growth Fund II with $875 million.

The fundraising for both the portfolios was started on April 26, 2011. The Accel XI is an early-stage venture capital fund, while the Accel Growth Fund II is a growth-stage fund.

Click here for the story from Private equity Hub.

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