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"Global VC firm Accel Partners today announced the inaugural and final close of Accel London IV, a $475 million fund focused on Europe and Israel. The fundraising brings Accel\u2019s total funds under management for the region(s) up to $2 billion.\r\n\r\nIn a press release, Accel Partners boasts that the fund was raised with &amp;quot;unprecedented speed and demand&amp;quot; but didn't mention any names of investors.\r\n\r\n\r\n\r\nKevin Comolli, a partner at Accel who opened the London office 13 years ago, did however say the fund was raised in eight weeks and was &amp;quot;significantly over-subscribed&amp;quot;.\r\n \r\nAccel London IV, the firm says, will continue to invest in early and growth-stage companies focusing on consumer Internet, big data, cloud, SaaS and mobile.\r\n\r\nCurrent portfolio companies include Rovio, Spotify, Hailo, Supercell, Avito and Wonga. Previous exits include Playfish, Kayak and QlikTech.\r\n\r\nAlso read:\r\n\r\nEurope loses another VC: Adam Valkin leaves Accel for General Catalyst, London for Boston\r\n\r\nGlobal Founders: A new stage-agnostic $194m fund from 2 Samwers, 1 Siegel\r\n\r\nTop image credit: ERNESTO BENAVIDES for AFP / Getty Images"^^<http://www.w3.org/2001/XMLSchema#string>
<http://thenextweb.com/insider/2013/03/21/accel-london-closes-475m-fund-bringing-total-under-management-for-eu-and-israel-to-2b/>