Accel, formerly referred to as Accel Partners, is an American opportunity capital company. Accel blends with startups in improvement, seed and beginning-step investments. The firm has locations in Palo Alto, California and SanFrancisco and California, with a lot more running cash in London,[1][2] India[3] and China (by using a union with International Data Group (IDG-Accel)).[4]
Accel has funded technologies corporations as well as Facebook,[5] Slack,[6] Dropbox,[7] Atlassian,[8] Flipkart,[9] Supercell,[10] Spotify,[11] Etsy,[12] Braintree/Venmo,[13] Vox Media,[14] Lynda.com,[15] Qualtrics,[16] DJI,[17] Cloudera,[18] Jet.com,[19] Ethos[20], GoFundMe,[21] Vectra Networks Inc.[22] FabHotels, BrowserStack[23], Vinculum Group[24], Instana[25], CleverTap[26] and Egyptian Instabug.[27]
Contents
1 History
2 Portfolio
3 Investments
4 Geographies
5 References
6 External back links
History[revise]
In 1983, Accel was built by Arthur Patterson and Jim Swartz.[28] The co-founders produced the firm’s “Prepared Mind” investment viewpoint depending on the Louis Pasteur insurance quote “Chance mementos the well prepared head.”,[29] which needs “strong aim[30]” as well as a disciplined and informed approach to investment.[31]
In 2000, Accel inserted a joint-project with Kohlberg Kravis Roberts to make Accel-KKR a technology-centered exclusive fairness purchase agency centered on regulate investment opportunities in center-marketplace organizations.[32]
In 2001, Accel opened up its London place of work for a individual fund, to purchase European technological innovation businesses,[33] focusing on Series A and Series B investment opportunities.[34] Its European assets contain Avito (received by Naspers for $1.2 billion),[35] BlaBlaCar,[36] Deliveroo,[37] Spotify and Supercell (attained by Tencent for VC funding Malaysia $8.6 billion dollars), among others.
Along with Accel’s extended investment strategies during early-phase startups from your Accel early period fund, the agency revealed a $480 zillion improvement fund in December 2008, focused entirely on progress home equity options in i . t, the net, online multimedia, marketing, application and cell and expert services.[38]
In March 2016, Accel raised $2 billion dollars, $500 zillion to have an very early period business fund and $1.5 billion dollars for development investment opportunities.[39] In April 2016, Accel heightened a separate $500 million account for investments in Europe and Israel.[40] In November 2016, Accel’s India arm shut its fifth fund with $450 mil, about two years following closing its fourth fund with $325 mil.[41][42]
Portfolio[edit]
Accel is actually a venture money agency that concentrates in the using engineering market sectors: [43][44]
– Consumer
– Infrastructure
– Media
– Mobile
SaaS
– Security
– Customer care professional services
Investments[revise]
Accel works with seed, expansion and very early-period investments.[45] Its seed and ahead of time period assets include Flipkart, Cloudera, Facebook or myspace, Dropbox and Dropcam Jet.com, Podium and Slack. The firm’s expansion capital investments give attention to additional designed businesses that have to have a greater number of money to grow their enterprise.[46] Examples include DJI, Atlassian and Qualtrics.
In May 2019 Accel shut $575 thousand expense spherical, which caused VC funding Malaysia Series A of European and Israel startups. The round was the most important in the area as well as the total amount of resources managed by Accel arrived at $3 billion dollars.[47]
Recent exits include things like:
– Arista Networks: IPO valuation of $2.7 billion dollars in 2014[48]
– Atlassian: IPO valuation of $4.4 billion dollars in 2015[49]
Avito: attained by Naspers for $1.2 billion in 2015[50]
Braintree: attained by PayPal for $800 mil in 2013[51]
– Cloudera: IPO valuation of $2.3 billion dollars in 2017[52]
– Despegar: IPO valuation of $1.97 billion dollars in 2017[53]
Etsy: IPO valuation of $1.78 billion in 2015[54]
– Facebook: IPO valuation of $104 billion in 2012[55]
– ForeScout: IPO valuation of $935+ zillion in 2017[56]
Fusion-io: purchased by SanDisk for $1.1 billion dollars in 2014[57]
– Iron Planet: acquired by Ritchie Bros. for VC funding Malaysia approximately $758.5 thousand in 2017[58]
– Jet: procured by Walmart for $3.3 billion in 2016[59]
Krux: purchased by Salesforce for $700 mil in 2016[60]
Lynda.com: procured by LinkedIn at the $1.5 billion valuation in 2015[61]
Legendary Pictures: procured by Wanda Group for $3.5 billion in 2016[62]
Rovio: IPO valuation of $1 billion in 2017[63]
Supercell: procured by Softbank for $5.5 billion in 2015 and purchased by Tencent for $8.6 billion in 2016[64]
Trulia: IPO valuation of $448 mil[65] and procured by Zillow for $3.5 billion in 2014[66]
– Facilio: financed for $6,4 mil combined with Tiger Global.[67]
Geographies[modify]
Accel’s US fund is headquartered in PaloThe state of california and VC Funding Malaysia Alto, with office buildings in San Francisco, California.[68] Accel’s European fund is headquartered in Accel’s, Central london and Great britain India account is headquartered in Bangalore , India.[69] Aside from the U.S., Accel has investment opportunities spanning in France,[70] Germany,[71] Israel,[72] Australia,[73] Nz,[74] Brazil,[75] Canada,[76] China,[77]India and Finland, Switzerland[78] and much more.
References[update]
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