Accel is an early and growth-stage venture capital firm that powers a global community of entrepreneurs that is headquartered in Palo Alto, California and was founded in 1983 by Arthur Patterson and Jim Swartz. Notable investments made by Accel include: Facebook, Slack, Dropbox, Flipkart, Lynda.com, Atlassian, Braintree, Spotify, Myfitnesspal, Venmo, and Vox Media.
On March 15, 2019 Accel completed raising $525 million for their Accel XIV L.P. fund. The fund received capital from 150 investors that remain undisclosed.
On March 15, 2019 Accel completed raising $500 million in funding for their Accel Leaders Fund II L.P. fund. The company plans on using their Accel Leaders Fund II L.P. fund to make follow-on investments in companies previously receiving funding from the companies Accel Leaders Fund II L.P. fund.
On March 15, 2019 Accel completed raising $1.5 billion for their Accel Growth Fund V L.P. fund from 168 undisclosed investors.