Palo Alto, Calif. – Accel Partners, the Palo Alto-based technology venture capital firm, has raised $93.6 million through a pair of new side funds, it revealed in a filing with the Securities and Exchange Commission (SEC).

The firm has raised $59.9 million for Accel Growth Fund II Strategic Partners, as well as another $33.7 million for Accel XI Strategic Partners.

Accel has raised nine major U.S. funds, and currently has $3 billion dollars under management.

This article was also published in Bay Area Tech Wire.

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