VC Firm Accel Raise $2.53 Billion

Venture capital firm Accel has raised an amount of $2.53 billion to fund technology startups. This is a great opportunity for startups all across the Globe as there a surge in demand for risky but high-potential private investments among the VCs. The capital is divided between three Accel funds:

  1. Accel XIV Fund – $525 million
  2. Growth Fund – $1.5 billion
  3. Leaders Fund – $500 million

Silicon Valley is still in a frenzy, with venture capitalists (VCs) sitting on the pile of capital since the dot-com (.com) boom. The Bloomberg U.S. Startups Barometer, an index that tracks deal activity to measure the health of the market, has climbed higher every week of the year so far and has more than doubled from a year ago.

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Accel, formerly known as Accel Partners, is an American venture capital firm. Accel works with startups in seed, early and growth-stage investments. The company has offices in Palo Alto, California and San Francisco, California, with additional operating funds in London, India and China through a partnership with International Data Group (IDG Accel).

Accel has funded technology companies including Facebook, Slack, Dropbox, Atlassian, Flipkart, Supercell, Spotify, Etsy, Braintree/Venmo, Vox Media, Lynda.com, Qualtrics, DJI, Cloudera, Jet.com, GoFundMe, Vectra Networks Inc., FabHotels and BrowserStack.[

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Accel was founded by Arthur Patterson and Jim Swartz in the year 1983. The co-founders developed the firm’s “Prepared Mind” investment philosophy based on the Louis Pasteur quote “Chance favors the prepared mind.”, which requires “deep focus” and a disciplined and informed approach to investing.[

Accel entered a joint-venture with Kohlberg Kravis Roberts to form Accel-KKR a technology-focused private equity investment firm focused on control investments in middle-market companies in the year 2000.

In 2001, Accel opened its London office as a separate fund, to invest in European technology companies, focusing on Series A and Series B investments. Its European investments include Avito (acquired by Naspers for $1.2 billion), BlaBlaCar, Deliveroo, Spotify and Supercell (acquired by Tencent for $8.6 billion), among others.

In addition to Accel’s continued investments in early-stage startups from the Accel early stage fund, the firm announced a $480 million growth fund in December 2008, focused on growth equity opportunities in information technology, the internet, digital media, mobile, networking, software, and services.[

In March 2016, Accel raised $2 billion, $500 million for an early stage venture fund and $1.5 billion for growth investments. In April 2016, Accel raised a separate $500 million fund for investments in Europe and Israel. In November 2016, Accel’s India arm closed its fifth fund with $450 million, about two years after closing its fourth fund with $325 million.

Key Focus: Consumer, Infrastructure, Media, Mobile, SaaS, Security, Customer care services

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