Accel Partners, a longtime investor in social network Facebook, has created two new funds that add up to just over $1 billion, according to The New York Times.
One of the funds, totaling $525 million, will be used to invest in European start-ups.
But the interesting part, at least where juicy tech gossip is concerned, is the other $480 million, which is going toward a new late-stage venture fund. A few speculative bloggers have connected the dots and taken this to mean that Accel may be looking to pump more cash into Facebook.
The firm first invested in Facebook in … Read more