Accel raises $5B to back late-stage bets

Accel announced on Tuesday that it has raised $5 billion In fresh capital to support late stage companies. The venture firm told Bloomberg That $4 billion will go to his late-stage Leaders Fund, for which he expects to cut at least 20 checks, each averaging $200 million. Accel looks to invest in companies creating AI-powered…

Read More

SantaCon promoter arrested for charity fraud

Thousands of revelers who dressed as Santa Claus and other famous characters, participate in the annual SantaCon pub crawl on Saturday, December 13, 2025, in New York City, United States. Selcuk Acar | Anadolu | Getty Images The president of SantaCon was arrested on Wednesday on a federal criminal indictment accusing him of using the…

Read More