BENGALURU -- Silicon Valley venture capital firm Accel is stepping up its investment in Southeast Asia after testing the waters there over the last few years, the latest in a wave of global investors sharpening their focus on the region's burgeoning internet economy.
The company, which was an early backer of Facebook, Spotify and Dropbox in the U.S., on Wednesday launched a $650 million fund to support startups in India and Southeast Asia. The early stage investor previously raised six India-focused funds totaling $1.6 billion.
