Accel raised $3.5bn across four funds at once. The Accel Europe fund is now $800m, level with its US fund, while the India fund shrank to $550m.

The U.S. VC firm still has more than 55% of its previous $650 million India fund available for deployment.

Accel raises $3.5 billion across four funds to support early-stage startups, including a $550 million India fund focused on AI and technology-driven businesses