Accel Launches $650 Million Fund Targeting Early Stage India And Southeast Asia

Accel is to invest $650 million in growing Indian and South-East businesses, through its largest ever fund launch in the region. The global venture capital firm is today unveiling its seventh specialist venture fund in the region – and its largest to date – some 16 years after its first fund raised $10 million.

Accel’s latest venture – like its predecessor funds – will focus on early-stage businesses, with the fund typically investing between $1 million and $5 million in seed and pre-seed funding rounds at companies raising cash. The firm tends to invest at an earlier stage than other venture capitalists – to date, it is the first institutional

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