Accel is rolling out a new, $4 billion late-stage fund, just as certain rivals lose momentum

Accel, the 39-year-old venture firm, just pulled a major power move. It announced, via a simple blog post, that it has just closed a new, global, late-stage fund with $4 billion in capital commitments.
The fund, which closed last week, would be notable in any market. It’s a lot of money. But at a moment when two of Accel’s fiercest rivals — SoftBank and Tiger Global Management — are low on capital, it must be a particularly sweet moment for the firm, which now employs around 100 investors (and 200 employees altogether) across offices in San Francisco, Palo Alto, London

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