AccelVenture capital firm Accel said Tuesday it's raised $650 million for its eighth fund targeted at investing in European and Israeli early-stage startups, in a sign the venture capital market may be showing signs of a recovery.
"The environment has dramatically changed since then," Nelis told CNBC.
Climate-focused VC firm World Fund closed a 300 million euro fund in March.
"We're lucky that with DeepMind here in London and with Fair [Facebook AI Research] in Paris, there's at least two big centers that have great AI expertise," Nelis told CNBC.
"My expectation is Europe is going to generate some really interesting AI application companies," Nelis told CNBC.
Persons:
Harry Nelis, Sonali de Rycker, Andrei Brasoveanu, Luca Bocchio, Philippe Botteri, it's, Nelis, UiPath, Russia's, Wise, Magnus Grimeland, Grimeland, there's, Victor Riparbelli, Synthesia, Riparbelli
Organizations:
Accel, Accel Venture, Spotify, CNBC, Skype, U.S, Nvidia
Locations:
Europe, Israel, Lithuania, Romania, Ukraine, New York, U.S, London, Paris, Synthesia