Accel Makes Big Commitment To Big Data With $100M Fund

Accel Partners has set aside $100 million to invest in start-ups that are trying to harness the power of big data, the firm will announce at the Hadoop World conference in New York this morning, aiming to consolidate its position as one of the earliest investors in these companies as the amount of data generated by companies and government agencies continues to grow. The money is coming from several Accel funds that are already raised, including Accel XI, which closed in June at $475 million; Accel Growth Fund II, which closed in June at $875 million; and the firm’s global funds, according to Accel Partner Ping Li. Li will be an investor for the fund along with Accel Partners Rich Wong, Kevin Efrusy and Andrew Braccia in the U.S.; Bruce Golden in London; Subrata Mitra in India and others.

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