Accel rakes in $2B for two new funds.

This morning, 33-year-old Sand Hill venture firm Accel Partners announced it’s raised $2B across two new U.S. funds – a $500M early-stage fund (its 13th) and a new $1.5B growth fund. Reportedly raised in two months, the new capital comes just two years after Accel raised its previous two funds ($475M and $1B respectively).

Ushering in the cloud era:

The value of all public technology companies exceeds $10.7T, and the value of private unicorns is $0.5T – or about 5% of global IT market cap. Companies who have gone public in the first six years of this decade already represent close to 20% of that value, says Tomasz Tunguz of Redpoint, and that will only increase as cloud companies continue to grow at the expense of legacy vendors.

Which accelerator will give you the most bang for your buck?

The Seed Accelerator Rankings Project, recently unveiled at SXSW, analyzes 150 programs to assess their relative performance and benefit to entrepreneurs. Included in the top tier are 500 Startups, StartX, TechStars and Y Combinator, among others. You can catch the full report here.

Introducing new ways to access CrunchBase Data:

Uncover new opportunities, discover industry trends, and build powerful apps using the Daily Excel Export or API.