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March 21, 2013 12:05 pm GMT

Accel Closes $475M Fund To Invest Mainly In Europe And Israel, Focusing On The Series A Sweet Spot

moneyAccel Partners has just this morning announced another hefty fund of $475 million. It's the company's fourth fund for Accel London and will be used for investments across a wide range of technologies -- consumer Internet, big data, cloud, SaaS andmobile among them --and primarily companies in Europe and Israel, at all stages of investment but focusing mainly on its "sweet spot" of Series A. The news comes on the heels of reports in February that Accel was preparing to close a fund of $450 million.

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