Accel Partners Closes Two Funds

Article Date : 12 December 2008
News Section: USA

Despite all of the bad news, there is at least one bright spot amongst it all with Palo Alto, Calif.,-based Accel Partners closing on two new funds totaling more than $1 billion, according to VentureBeat.com . Best known for backing Facebook, the growth fund is significant because it’s an expansion of Accel’s core practice by broadening its scope with the fund investing in information technology, internet, digital media, mobile, networking, software, and services startups, according to the report...

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