Accel, formerly called Accel Partners, is an American opportunity funds agency. Accel works together startups in very early, growth and seed-stage purchases. The company has places of work in Palo Ca ., San and AltoThe state of california and Francisco, with additional managing funds in the uk,[1][2] India[3] and China (by using a union with International Data Group (IDG-Accel)).[4]

Accel has funded systems businesses 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 backlinks

History[update]

In 1983, Accel was started by Arthur Patterson and Jim Swartz.[28] The co-founders created the firm’s “Prepared Mind” purchase approach according to the Louis Pasteur price “Chance mementos the prepared thoughts.”,[29] which necessitates “deeply aim[30]” and a informed and disciplined technique to investing.[31]

In 2000, Accel joined a joints-business with Kohlberg Kravis Roberts to make Accel-KKR a technology-targeted private value expenditure firm dedicated to regulate investment strategies in midsection-marketplace providers.[32]

In 2001, Accel opened its London place of work being a individual fund, to purchase European modern technology companies,[33] emphasizing Series A and Series B investment opportunities.[34] Its European investment opportunities include things like Avito (procured by Naspers for $1.2 billion),[35] BlaBlaCar,[36] Deliveroo,[37] Spotify and Supercell (received by Tencent for $8.6 billion), and others.

As well as Accel’s extended purchases in early-step startups from your Accel earlier phase account, the organization revealed a $480 zillion improvement fund in December 2008, focused entirely on improvement home equity business opportunities in information technology, the internet, computerized computer software, network, mobile and mass media and solutions.[38]

In March 2016, Accel brought up $2 billion dollars, $500 million on an earlier level venture fund and $1.5 billion for expansion investment opportunities.[39] In April 2016, Accel lifted another $500 mil fund for investment strategies in Europe and Israel.[40] In November 2016, Accel’s India left arm sealed its fifth fund with $450 thousand, about 2 years right after shutting down its 4th account with $325 mil.[41][42]

Portfolio[alter]

Accel is really a venture capital money organization that concentrates around the subsequent modern technology areas: [43][44]

– Consumer

– Infrastructure

– Media

– Mobile

SaaS

– Security

– Support service products and services

Investments[update]

Accel works together expansion, seed and earlier-level investment opportunities.[45] Its seed and early on stage investment strategies consist of Cloudera, Dropcam, Myspace, Dropbox and Flipkart Jet.com, Podium and Slack. The firm’s improvement cash investment opportunities center on much more formulated firms that call for a bigger amount of cash to grow their online business.[46] These include Atlassian, Qualtrics and DJI.

In May 2019 Accel shut $575 zillion expenditure around, which caused financing Series A of European and Israel startups. The spherical was the biggest in the area plus the full volume of funds handled by Accel attained $3 billion dollars.[47]

Recent exits involve:

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

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

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

Braintree: obtained 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 dollars 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: purchased by Ritchie Bros. for approximately $758.5 mil in 2017[58]

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

Krux: procured by Salesforce for $700 zillion in 2016[60]

Lynda.com: purchased by LinkedIn for a $1.5 billion dollars valuation in 2015[61]

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

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

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

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

– Facilio: financed for $6,4 zillion as well as Tiger Global.[67]

Geographies[modify]

Accel’s US account is headquartered in PaloAlto and California, with places of work in San Francisco, California.[68] Accel’s European account is headquartered in London, England and Accel’s India account is headquartered in Bangalore , India.[69] As well as the U.S., Accel has assets throughout in France,[70] Germany,[71] Israel,[72] Australia,[73] Nz,[74] Brazil,[75] Canada,[76] China,[77]Finland and India, Switzerland[78] plus much more.

References[update]

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