Accel, previously known as Accel Partners, is really an American business budget strong. Accel works with startups in advancement, seed and ahead of time-step investment strategies. The business has workplaces in Palo Alto, California and SanFrancisco and California, with a lot more functioning money in the uk,[1][2] India[3] and China (by using a relationship with International Data Group (IDG-Accel)).[4]

Accel has backed technology companies 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 url links

History[change]

In 1983, Accel was founded by Arthur Patterson and Jim Swartz.[28] The co-founders established the firm’s “Prepared Mind” financial investment school of thought depending on the Louis Pasteur insurance quote “Chance favors the equipped thoughts.”,[29] which involves “heavy aim[30]” and also a educated and self-disciplined approach to committing.[31]

In 2000, Accel entered a joint-venture Capital with Kohlberg Kravis Roberts to form Accel-KKR a engineering-specific private equity expense organization aimed at regulate ventures in midsection-industry companies.[32]

In 2001, Accel opened its London workplace for a distinct account, to get European modern technology organizations,[33] concentrating on Series A and Series B ventures.[34] Its European assets consist of Avito (procured by Naspers for $1.2 billion dollars),[35] BlaBlaCar,[36] Deliveroo,[37] Spotify and Supercell (procured by Tencent for $8.6 billion), amongst others.

In addition to Accel’s continuing investments in early-stage startups out of the Accel very early point account, the business revealed a $480 zillion progress account in December 2008, focused on expansion fairness possibilities in i . t ., the web, computerized mobile, press, marketing and software and products and services.[38]

In March 2016, Accel increased $2 billion, $500 million for an earlier stage business account and $1.5 billion for improvement purchases.[39] In April 2016, Accel lifted an independent $500 zillion account for investment opportunities in Europe and Israel.[40] In November 2016, Accel’s India left arm sealed its 5th account with $450 zillion, about 2 years immediately after shutting down its 4th account with $325 million.[41][42]

Portfolio[modify]

Accel is really a endeavor funds firm that concentrates about the pursuing engineering market sectors: [43][44]

– Consumer

– Infrastructure

– Media

– Mobile

SaaS

– Security

– Customer support professional services

Investments[modify]

Accel works together progress, seed and ahead of time-point ventures.[45] Its seed and beginning level investment opportunities consist of Flipkart, Twitter, Dropcam, Cloudera and Dropbox Jet.com, Podium and Slack. The firm’s improvement capital purchases give attention to additional developed businesses that have to have a bigger level of funds to grow their enterprise.[46] Examples include DJI, Atlassian and Qualtrics.

In May 2019 Accel sealed $575 thousand purchase spherical, which triggered financing Series A of European and Israel startups. The spherical was the largest in the region along with the full degree of resources managed by Accel gotten to $3 billion.[47]

Recent exits incorporate:

– Arista Networks: IPO valuation of $2.7 billion in 2014[48]

– Atlassian: IPO valuation of $4.4 billion dollars in 2015[49]

Avito: acquired by Naspers for $1.2 billion dollars in 2015[50]

Braintree: attained by PayPal for $800 mil in 2013[51]

– Cloudera: IPO valuation of $2.3 billion in 2017[52]

– Despegar: IPO valuation of $1.97 billion in 2017[53]

Etsy: IPO valuation of $1.78 billion in 2015[54]

– Facebook: IPO valuation of $104 billion dollars in 2012[55]

– ForeScout: IPO valuation of $935+ thousand in 2017[56]

Fusion-io: purchased by SanDisk for $1.1 billion in 2014[57]

– Iron Planet: acquired by Ritchie Bros. for about $758.5 mil in 2017[58]

– Jet: procured by Walmart for $3.3 billion dollars in 2016[59]

Krux: acquired by Salesforce for $700 mil in 2016[60]

Lynda.com: attained by LinkedIn at the $1.5 billion valuation in 2015[61]

Legendary Pictures: purchased by Wanda Group for $3.5 billion in 2016[62]

Rovio: IPO valuation of $1 billion in 2017[63]

Supercell: attained by Softbank for $5.5 billion in 2015 and purchased by Tencent for $8.6 billion dollars in 2016[64]

Trulia: IPO valuation of $448 zillion[65] and procured by Zillow for $3.5 billion dollars in 2014[66]

– Facilio: financed for $6,4 mil with Tiger Global.[67]

Geographies[edit]

Accel’s US fund is headquartered in PaloAlto and California, with workplaces in San Francisco, California.[68] Accel’s European fund is headquartered in Accel’s, Britain and United kingdom India account is headquartered in Bangalore , India.[69] Besides the U.S., Accel has purchases 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[modify]

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