Venture capital firm Accel is said to raise $2.5b for new funds

US dollars. Photographed by Colin Watts on Unsplash

Venture capital firm Accel raised $2.53 billion to fund technology startups, adding to evidence of a surge in demand for risky but high-potential private investments. The capital is divvied up between three Accel funds, all larger than their predecessors, according to a person familiar with the matter.

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