Article: Accel Partners Raises New European Fund; Adds Two New London-Based Partners.

Business Editors

LONDON--(BUSINESS WIRE)--June 12, 2001

Accel Partners, a leading venture capital firm dedicated to helping outstanding entrepreneurs build world-class technology companies such as Actuate, ArrowPoint Communications, Foundry Networks, RealNetworks, Redback Networks, Tellium, UUNET, Veritas Software and Walmart.com, today announced that the firm is in the final stages of closing its Accel Europe Fund with commitments of $500 million. The Accel Europe Fund will be dedicated to investment in and development of successful European and Israeli start-ups in the communications and software/Internet markets.

Accel also announced today ...

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