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Deal Snaps

Accel India wraps up Fund VII at $650 million, plans to invest in SEA Region startups

US -based Capital Firm Accel raised $650 million to target startups in the SEA Region. The firm has been exploring the SEA startup landscape for a while, and has previously done investments in startups like Travelmob, Pluang, Xendite, Axie Infinity, and many more. The Fund VII will be used for a wide range of investments, i.e. from $250,000 till $40 million, covering startups in pre-seed, early, and growth stages.

This article has been summarised for quick read. The original article can be read on Deal Street Asia.