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Accel Partners has raised two new venture funds in a matter of weeks—an early-stage fund, Accel 12, at $475 million, and a later-stage fund, Accel Growth 3, at $1 billion.

Accel General Partner Rich Wong Accel Partners The new funds come less than three years after Accel raised their predecessor funds in June 2011, indicating the eagerness of limited partners to get into the top venture firms.

Image: Accel General Partner Rich Wong Accel Partners