Accel raised US$5 billion, including US$4 billion for its fifth Leaders fund, to make larger late-stage startup bets as AI deals swell.
The firm also raised US$650 million for a sidecar fund that lets limited partners increase exposure to selected portfolio companies, partner Matt Weigand said.
Weigand said Accel plans 20-25 investments from the new US$4 billion Leaders fund with average checks of about US$200 million, and may also use it for some unusually large early-stage AI deals; for example, its US$500 million series A investment in Mind Robotics came from the new late-stage fund.
🔗 Source: Bloomberg
Originally written by: Naomi Li Gan
Source: Tech in Asia
Published on: 16 April 2026
Link to original article: Accel raises $5b for bigger AI startup bets
