Michael Arrington / TechCrunch : Screw The Downturn.  Accel Raises A Cool Billion In New Funds   —  Twenty five year old venture capital firm Accel Partners is announcing two new funds today that add more than $1 billion to their war chest: Accel Growth Fund at $480 million and Accel London III at $525 million.

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Screw The Downturn. Accel Raises A Cool Billion In New Funds (Michael Arrington/TechCrunch)