Accel Leaders Fund V

United States

Late Stage

About Accel Leaders Fund V

Accel's $5B Leaders Fund V targeting mega-checks in the AI era. Late-stage growth fund focused on AI infrastructure, applied AI, and enterprise software.

Investment Focus

Location / RegionUnited States

Funding StageLate Stage

Industry Focus

AI/ML

Enterprise Software

Investor Signals Profile

active

Sweet Spot

Late-stage AI founder scaling physical+software systems globally

AI-native

software-hardware convergence

robotics & defense

AI infrastructure

agentic security

Bullish Signals

$5B raised, April 2026 closeblog

Cursor & Anthropic already generating returnsblog

Sidecar signals LP demand & portfolio convictionblog

$36B AUM, top-tier LP baseblog

Portfolio access to Jensen Huang/NVIDIAtwitter

Astral acquired by OpenAI — portfolio exittwitter

Supabase: 7M devs, accelerating growthtwitter

Forbes AI 50: multiple portfolio companies featuredtwitter

Contrarian Signals

$10-50B entry valuations, DPI riskblog

Only 20-25 bets, extreme concentrationblog

AI IPO window unprovenblog

Heavy dev-tool focus, crowded segmenttwitter

Founder Do's

Series C+ with real revenue traction

Building at software-hardware boundary

Clear IPO or strategic exit path

Robotics, defense, or AI infra focus

Need $200M+ single-check lead

Founder Don'ts

Early-stage or pre-revenue

Pure-play SaaS without AI core

Sub-$1B valuation trajectory

Key GPs & Partners

Matt Weigand

Partner

thesis-drivencontrarianopinionated

Rich Wong

General Partner

metrics-driventhesis-drivennetwork-connector

Sonali De Rycker

General Partner

community-builderthesis-driven

Ping Li

General Partner

thesis-drivenmetrics-driven

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Fund Overview

Fund Size$5B

Saves0

Website

Key People

Andrew Braccia, Sameer Gandhi

Matt WeigandPartner

Rich WongGeneral Partner

Sonali De RyckerGeneral Partner

Ping LiGeneral Partner

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