Accel, earlier often known as Accel Partners, is an American endeavor money agency. Accel works together with startups in seed, advancement and early on-step investments. The firm has locations in Palo Ca ., Alto and SanCa . and Francisco, with additional managing venture capital inside london,[1][2] India[3] and China (through a relationship with International Data Group (IDG-Accel)).[4]

Accel has funded systems firms like 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[revise]

In 1983, Accel was started by Arthur Patterson and Jim Swartz.[28] The co-founders formulated the firm’s “Prepared Mind” expense vision according to the Louis Pasteur price “Chance favors the geared up thoughts.”,[29] which requires “deeply emphasis[30]” and also a advised and self-disciplined method of investment.[31]

In 2000, Accel moved into a joint-business with Kohlberg Kravis Roberts to create Accel-KKR a technologies-targeted individual fairness investment decision strong concentrated on command investments in midst-market companies.[32]

In 2001, Accel established its London company for a different account, to invest in European systems firms,[33] centering on Series A and Series B ventures.[34] Its European assets include Avito (received by Naspers for $1.2 billion dollars),[35] BlaBlaCar,[36] Deliveroo,[37] Spotify and Supercell (purchased by Tencent for $8.6 billion), among others.

Together with Accel’s ongoing investments during early-point startups out of the Accel ahead of time step account, the organization revealed a $480 thousand progress fund in December 2008, focused entirely on advancement value options in i . t, the web, virtual media, cell phone, network and software program and solutions.[38]

In March 2016, Accel brought up $2 billion, $500 mil to have an beginning phase enterprise fund and $1.5 billion for growth investment strategies.[39] In April 2016, Accel brought up a separate $500 million account for ventures in Europe and Israel.[40] In November 2016, Accel’s India left arm closed down its 5th account with $450 mil, about two year period soon after shutting its 4th account with $325 mil.[41][42]

Portfolio[alter]

Accel is often a enterprise budget company that concentrates around the right after technology industries: [43][44]

– Consumer

– Infrastructure

– Media

– Mobile

SaaS

– Security

– Customer care services

Investments[update]

Accel works jointly with seed, growth and early-point investments.[45] Its seed and very early period investments include Fb, Flipkart, Dropbox, Cloudera and Dropcam Jet.com, Podium and Slack. The firm’s growth money purchases center on more established firms that have to have a more substantial quantity of funds to grow their enterprise.[46] Examples include DJI, Atlassian and Qualtrics.

In May 2019 Accel shut $575 mil investment decision round, which triggered loans Series A of European and Israel startups. The rounded was the biggest in the area plus the entire degree of money controlled by Accel hit $3 billion.[47]

Recent exits involve:

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

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

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

Braintree: acquired 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 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+ million in 2017[56]

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

– Iron Planet: purchased by Ritchie Bros. for approximately $758.5 thousand in 2017[58]

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

Krux: attained by Salesforce for $700 million in 2016[60]

Lynda.com: acquired by LinkedIn with a $1.5 billion valuation in 2015[61]

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

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

Supercell: procured 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 mil[65] and attained by Zillow for $3.5 billion dollars in 2014[66]

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

Geographies[change]

Accel’s US fund is headquartered in PaloAlto and California, with places of work in San Francisco, California.[68] Accel’s European fund is headquartered in The united kingdom, Central london and Accel’s India account is headquartered in Bangalore , India.[69] Beyond the U.S., Accel has investment strategies across in France,[70] Germany,[71] Israel,[72] Australia,[73] New Zealand,[74] Brazil,[75] Canada,[76] China,[77]Finland and India, Switzerland[78] and a lot more.

References[alter]

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