Accel Picks Up $94M In Venture Funds

Law360, New York (October 28, 2011, 6:47 PM EDT) -- Venture capital standout Accel Partners has continued to attract investors, raising roughly $94 million in additional funds for startup ventures, according to regulatory filings Thursday.

The new capital arrives through two so-called sidecar funds that bolster earlier and larger lead funds established in June. Those two lead funds total more than $1.3 billion, and the fundraising was no doubt aided by Accel’s track record of investing in companies like social network giant Facebook and popular social commerce site Groupon.

Palo Alto, Calif.-based Accel raised roughly $59.9...
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