--- title: Accel raised $3.5bn. Europe now gets the same fund as the US description: Accel raised $3.5bn across four new funds simultaneously for the first time in its 43-year history: a $1.35bn global expansion fund, $800m each for the US and... canonical: https://daily.dev/posts/accel-raised-3-5bn-europe-now-gets-the-same-fund-as-the-us-qmdb0mxvd twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Accel raised $3.5bn. Europe now gets the same fund as the US | daily.dev og:description: Accel raised $3.5bn across four new funds simultaneously for the first time in its 43-year history: a $1.35bn global expansion fund, $800m each for the US and... og:url: https://daily.dev/posts/accel-raised-3-5bn-europe-now-gets-the-same-fund-as-the-us-qmdb0mxvd og:image: https://api.daily.dev/og/posts/qMdB0mxvd.png og:image:alt: Accel raised $3.5bn. Europe now gets the same fund as the US og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Accel raised $3.5bn. Europe now gets the same fund as the US **[The Next Web](https://daily.dev/sources/tnw)** · 6 min read · 0 upvotes · 0 comments ## Summary Accel raised $3.5bn across four new funds simultaneously for the first time in its 43-year history: a $1.35bn global expansion fund, $800m each for the US and for Europe/Israel (up from $650m, now at parity), and a $550m India fund (down $100m from the prior one). The raise responds to "neolabs" like Thinking Machines Lab and Periodic Labs that take huge sums at inception, forcing Accel to build a bigger vehicle to co-invest alongside its disciplined early-stage funds. OpenAI and Anthropic together absorbed over 40% of the record $510bn in global H1 funding, and the piece frames Accel's dual fund structure as a hedge against that concentration while betting on AI's expansion into deep tech and manufacturing. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### How much did Accel raise across its new funds and how is it split between regions? Accel raised $3.5bn across four funds simultaneously: a $1.35bn global expansion fund, $800m for the United States, $800m for Europe and Israel, and $550m for India. The US and Europe/Israel funds both grew from $650m to $800m, putting Europe at parity with the US for the first time. The India fund shrank by $100m from its predecessor. _Track how venture funding shifts across regions and stages with daily.dev's coverage of the startup ecosystem._ ### What is a neolab in venture capital and why is it changing how funds are structured? A neolab is a company that raises enormous sums at inception to fund research rather than a product, such as Periodic Labs, which took a $300m seed round at a $1.3bn valuation, or Thinking Machines Lab, approaching a $50bn valuation after a $2bn seed. Accel partner Steve Loughlin said a fund cannot be built entirely from such deals, prompting Accel to create a separate $1.35bn expansion vehicle to co-invest in them alongside its smaller, disciplined early-stage funds. _Founders and investors weighing seed-stage strategy can follow how mega-seed rounds reshape venture capital on daily.dev._ ### How concentrated is AI funding among OpenAI and Anthropic in the venture capital market? OpenAI and Anthropic together took more than 40% of the record $510bn in global venture funding recorded in the first half of the year, according to Crunchbase figures. In the US specifically, megadeals accounted for 87.5% of venture dollars in the second quarter, according to PitchBook. Accel is both a beneficiary of this concentration, as an Anthropic backer, and a firm competing against it for smaller early-stage deals. _Developers and founders navigating an AI-dominated funding landscape can follow the trend on daily.dev._ ## Similar posts on daily.dev - [Accel closes oversubscribed $550M India fund within weeks, 19 months after its last](https://daily.dev/posts/accel-closes-oversubscribed-550m-india-fund-within-weeks-19-months-after-its-last-0mgq4hny8) · TechCrunch · 0 upvotes · 0 comments - [Europe’s startups had their best quarter in 4 years, Crunchbase data shows](https://daily.dev/posts/europe-s-startups-had-their-best-quarter-in-4-years-crunchbase-data-shows-gwmpakxhj) · The Next Web · 0 upvotes · 0 comments - [AI chip startups soak up $1.1B in VC funding this week](https://daily.dev/posts/ai-chip-startups-soak-up-1-1b-in-vc-funding-this-week-sbcfggett) · The Register · 0 upvotes · 0 comments - [Anthropic closes in on $20B round](https://daily.dev/posts/anthropic-closes-in-on-20b-round-xripaad9d) · TechCrunch · 0 upvotes · 0 comments --- Tags: [#ai](https://daily.dev/tags/ai), [#startup](https://daily.dev/tags/startup), [#venture-capital](https://daily.dev/tags/venture-capital), [#anthropic](https://daily.dev/tags/anthropic) [View this post on daily.dev](https://daily.dev/posts/accel-raised-3-5bn-europe-now-gets-the-same-fund-as-the-us-qmdb0mxvd) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Accel raised $3.5bn. 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Track how venture funding shifts across regions and stages with daily.dev's coverage of the startup ecosystem."}},{"@type":"Question","name":"What is a neolab in venture capital and why is it changing how funds are structured?","acceptedAnswer":{"@type":"Answer","text":"A neolab is a company that raises enormous sums at inception to fund research rather than a product, such as Periodic Labs, which took a $300m seed round at a $1.3bn valuation, or Thinking Machines Lab, approaching a $50bn valuation after a $2bn seed. Accel partner Steve Loughlin said a fund cannot be built entirely from such deals, prompting Accel to create a separate $1.35bn expansion vehicle to co-invest in them alongside its smaller, disciplined early-stage funds. 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