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The economy maybe bad to force a closure of many businesses but a few prosper and prosper a lot. The venture Capital firm, Accel Partners has stitched two new funds that total to $1 billion. The funds are divided to Accel Growth Fund with $480 and Accel London III at $525 million. The London fund will be used to provide funding to startups based in Europe and Israel, while the Growth fund would invest in internet, digital media, mobile and other services of the like. If you are based in Israel or Europe and have a brilliant idea for a startup, let it be known that there is enough funding for you.