Accel raises $1.025 bln for two funds, targets $1.5 bln for growth fund: Corrected


Accel Partners has raised $1.025 billion for two new funds, including a fourteenth core fund, and is targeting $1.5 billion more for a growth fund, according to filings with the SEC.

The Silicon Valley firm raised $525 million for Accel XIV, according to one filing. The capital came from 150 LPs.

Accel raised an additional $500 million for its Accel Leaders Fund II. Commitments came from 167 investors.

At the same time, the firm is targeting $1.5 billion for Accel Growth Fund V, according to a third filing.

The filings are available here and here and here.

Correction: The original version of this post misstated the total capital Accel raised. The sum is corrected.

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