Mega funds are back. Accel Partners closed two funds today for a total of $1.35 billion in new capital. The funds are Accel XI, which raised $475 million, and Accel Growth Fund II, which raised $875 million. Other VC firms with recent billion-dollar funds include Sequoia, Greylock, and Khosla is raising one as well. It took less than two months to raise the $1.35 billion. The fundraising kicked off on April 26, 2011.The firm's last fund, Accel X, was a $520 million fund and closed in 2007
Source: http://feedproxy.google.com/~r/Techcrunch/~3/VhiO6V8dPBI/
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