About This Fund
Accel XVI is an early-stage venture capital fund with a size of $650 million. The fund is located in Palo Alto, California and invests in the US. Accel, the fund manager, is a prominent Bay Area VC and an early investor in companies like Bumble, Etsy, and Slack. Accel has been an active player in the generative AI space, leading investments in companies like Synthesia and AssemblyAI. The fund's size matches its 2021 predecessor and is one of the largest US venture funds in Q4 2023.