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116 Accel raises $5 billion for AI as venture capital bets reach infrastructure scale

The Next Web
Cristian Dina @ The Next Web 1 place · today 14:00 EDT

Accel raises $5 billion for AI as venture capital bets reach infrastructure scale

In short: Accel has raised $5 billion in new capital, comprising a $4 billion Leaders Fund V and a $650 million sidecar, targeting 20-25 late-stage AI investments at an average cheque size of $200 million. The raise follows standout returns from its Anthropic stake (invested at $183B, now valued near $800B) and Cursor (backed at […]
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