Accel raises $650 million fund to support next-gen Indian entrepreneurs
01/07/25, 1:25 AM
Location
united statesMoney
$650 million
Type
partnership
Accel, a global venture capital firm, has raised a $650 million early-stage fund dedicated to supporting the next generation of founders in India and Southeast Asia. The fund will focus on partnering with early-stage founders in AI, consumer brands, fintech, and manufacturing to build disruptive and impactful businesses.
Company Info
Location
united states
Additional Info
”Indeed, as TechCrunch recently reported, Accel has a history of backing companies that were previously bootstrapped (and often profitable) -– the latest example being Lower, a Columbus, Ohio-based fintech, which just raised Wong says Accel is “open-minded but thematic” in its investment approach.Accel Partner Sonali de Rycker, who is based out of London, agrees. Accel is also patient.