Accel, earlier known as Accel Partners, is surely an American venture capital investment capital firm. Accel works together startups in advancement, early on and seed-point ventures. The firm has office buildings in Palo San, Alto and California stateFrancisco and California, with a lot more operating funds in London,[1][2] India[3] and China (through a alliance with International Data Group (IDG-Accel)).[4]
Accel has financed technologies providers which include 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[edit]
In 1983, Accel was launched by Arthur Patterson and Jim Swartz.[28] The co-founders designed the firm’s “Prepared Mind” financial investment approach according to the Louis Pasteur estimate “Chance mementos the equipped head.”,[29] which needs “strong concentrate[30]” and also a up to date and disciplined method of trading.[31]
In 2000, Accel moved into a joints-project with Kohlberg Kravis Roberts to form Accel-KKR a engineering-focused personal fairness expenditure strong aimed at control investment opportunities in midst-industry organizations.[32]
In 2001, Accel started its London business office to be a split fund, to get European technologies businesses,[33] concentrating on Series A and Series B investment opportunities.[34] Its European ventures incorporate Avito (purchased by Naspers for $1.2 billion dollars),[35] BlaBlaCar,[36] Deliveroo,[37] Spotify and Supercell (attained by Tencent for $8.6 billion), as well as others.
Besides Accel’s persisted ventures during the early-phase startups coming from the Accel very early period account, the business introduced a $480 thousand improvement fund in December 2008, dedicated to growth home equity options in i . t ., the web, electronic digital cell, application, media channels and marketing and professional services.[38]
In March 2016, Accel brought up $2 billion, $500 million for any ahead of time phase venture fund and $1.5 billion dollars for advancement ventures.[39] In April 2016, Accel increased a separate $500 mil fund for purchases in Europe and Israel.[40] In November 2016, Accel’s India arm closed up its 5th account with $450 zillion, about 24 months soon after shutting its 4th account with $325 zillion.[41][42]
Portfolio[alter]
Accel is usually a venture money strong that concentrates about the using technological innovation industries: [43][44]
– Consumer
– Infrastructure
– Media
– Mobile
SaaS
– Security
– Customer service services
Investments[revise]
Accel blends with early, seed and progress-step purchases.[45] Its seed and early on period purchases involve Cloudera, Dropbox, Flipkart, Facebook or twitter and Dropcam Jet.com, Podium and Slack. The firm’s progress investment capital ventures focus on a lot more established firms that need to have a larger sized volume of funds to grow their online business.[46] These include Atlassian, Qualtrics and DJI.
In May 2019 Accel sealed $575 million expense circular, which triggered financing Series A of European and Israel startups. The rounded was the biggest in the area and also the total level of funds managed by Accel reached $3 billion.[47]
Recent exits include:
– Arista Networks: IPO valuation of $2.7 billion in 2014[48]
– Atlassian: IPO valuation of $4.4 billion in 2015[49]
Avito: received by Naspers for $1.2 billion in 2015[50]
Braintree: procured by PayPal for $800 zillion in 2013[51]
– Cloudera: IPO valuation of $2.3 billion 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+ million in 2017[56]
Fusion-io: procured by SanDisk for $1.1 billion in 2014[57]
– Iron Planet: acquired by Ritchie Bros. for approximately $758.5 thousand in 2017[58]
– Jet: procured by Walmart for $3.3 billion in 2016[59]
Krux: attained by Salesforce for $700 million in 2016[60]
Lynda.com: procured by LinkedIn within a $1.5 billion dollars valuation in 2015[61]
Legendary Pictures: purchased by Wanda Group for $3.5 billion in 2016[62]
Rovio: IPO valuation of $1 billion dollars in 2017[63]
Supercell: received by Softbank for $5.5 billion in 2015 and received by Tencent for $8.6 billion dollars in 2016[64]
Trulia: IPO valuation of $448 zillion[65] and purchased by Zillow for $3.5 billion dollars in 2014[66]
– Facilio: funded for $6,4 zillion with Tiger Global.[67]
Geographies[update]
Accel’s US fund is headquartered in PaloAlto and California, with workplaces in San Francisco, California.[68] Accel’s European account is headquartered in England, Accel’s and London, uk India fund is headquartered in Bangalore , India.[69] In addition to the U.S., Accel has ventures throughout in France,[70] Germany,[71] Israel,[72] Australia,[73] Nz,[74] Brazil,[75] Canada,[76] China,[77]Finland and India, Switzerland[78] and more.
References[modify]
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