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Accel Partners

Accel Partners

Accel Partners is a venture capital firm based in Palo Alto founded in 1983 by Bruce Golden.

Accel Partners - also known as Accel - is a venture capital firm based in Palo Alto, California. It was established in 1983 by Arthur Patterson and Jim Swartz. As of October 2019, Accel Partners has sold its ownership in 521 companies, and its currently managing a portfolio of 385 active companies.

Accel Partners funds companies that are at various stages of development, from early to late. It specializes in providing capital for companies in the internet technology sectors, such as those operating in the internet infrastructure, internet software, and consumer services industry. The firm invests in companies based in various locations such as Europe, United States, India, and China.

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.

Investment funds
Accel XIV L.P.

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.

Accel Leaders Fund II L.P.

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.

Accel Growth Fund V L.P.

On March 15, 2019 Accel completed raising $1.5 billion for their Accel Growth Fund V L.P. fund from 168 undisclosed investors.

Timeline

July 21, 2021
Accel Partners raises a $130,000,000 venture round.
February 6, 2020
Deepnote, a startup that offers data scientists an IDE-like collaborative online experience for building their machine learning models, today announced that it has raised a $3.8 million seed round led by Index Ventures and Accel, with participation from YC and Credo Ventures, as well as a number of angel investors, including OpenAI's Greg Brockman, Figma's Dylan Field, Elad Gil, Naval Ravikant, Daniel Gross and Lachy Groom.
September 12, 2019
Accel and Sequoia seed Middesk with $4M to background check businesses.
1981
Accel Partners was founded by Bruce Golden.

Funding rounds

Associated investment funds

People

Further reading

Documentaries, videos and podcasts

Companies

News

Title
Author
Date
Publisher
Description
Mary Ann Azevedo
September 17, 2021
TechCrunch
Instacart's chief financial officer Sagar Sanghvi has departed from the on-demand grocery delivery company after nearly six years and is returning to his investing roots. Specifically, Sanghvi has joined Accel as a partner focused on global growth-stage consumer and enterprise investments. Prior to becoming CFO of Instacart, Sanghvi served as the company's vice president of [...]
Romain Dillet
September 15, 2021
TechCrunch
Folk is a new productivity tool started by European startup studio eFounders. And the startup just raised a $3.3 million seed funding round led by Accel with a big group of business angels. When you think about managing contacts and relationships in a professional environment, you might think that companies have solved this already. An [...]
Romain Dillet
September 15, 2021
TechCrunch
Folk is a new productivity tool started by European startup studio eFounders. And the startup just raised a $3.3 million seed funding round led by Accel with a big group of business angels. When you think about managing contacts and relationships in a professional environment, you might think that companies have solved this already. An [...]
Mary Ann Azevedo
September 8, 2021
TechCrunch
Product quality is hugely important when it comes to the success of a product. Even if your product seems really cool, if it's buggy or doesn't work well, many people will just stop using it rather than taking the time to figure it out or even report a problem. UnitQ, a Burlingame, California-based startup using [...]
Mary Ann Azevedo
August 25, 2021
TechCrunch
Knoetic, a startup that has built a software analytics platform for chief people officers, emerged from stealth today with $18 million in Series A funding. For the unacquainted, chief people officers are also known as heads of human resources, or HR. Accel led the financing, which notably also included participation from over 100 angel investors, [...]
Kalpana Pathak
August 24, 2021
mint
The round also saw participation from investors including General Catalyst, Scott Shleifer, Global MD, and Tiger Global
Mary Ann Azevedo
August 19, 2021
TechCrunch
Adobe announced today it is acquiring Frame.io, a video review and collaboration platform used by over a million customers, for $1.275 billion. Founded in 2014 by the owner of a post-production company Emery Wells and technologist John Traver, New York-based Frame.io was created to solve the workflows challenges filmmakers faced in their daily lives. Today, [...]
Annie Siebert
August 15, 2021
TechCrunch
No choice we make will be perfect, and all the frameworks in the world won't eliminate risk entirely. But we don't need perfection or freedom from risk. We just need to take the next step.
Thimmaya Poojary
August 12, 2021
YourStory.com
Edtech startup Eruditus was valued at $700 million during its last funding round in August 2020, and has now become India's 23rd unicorn for this year
Peerzada Abrar
August 12, 2021
@bsindia
Capital would help the edtech startup create new products and industry verticals, expand its business serving govts and enterprises, double down on new geographies and fund acquisitions
Baiju Kalesh | Bloomberg
August 12, 2021
@bsindia
Some existing shareholders are also offloading about $200 million stake
JD Alois
August 10, 2021
Crowdfund Insider
Click HERE to find out ⭐ Home Finance Platform Lower Has Funded Billions in Home Loans & Wants to go Global. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
FinSMEs
July 30, 2021
FinSMEs
About | Advertise | Contact | Disclaimer | News | The Daily Deal Newsletter FinSMEs.com by FinSMEs is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
FinSMEs
July 28, 2021
FinSMEs
About | Advertise | Contact | Disclaimer | News | The Daily Deal Newsletter FinSMEs.com by FinSMEs is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Meagan Simpson
July 27, 2021
BetaKit
1Password has raised $125 million CAD in its latest round of financing, as the password manager startup looks to further scale its operations.
Mary Ann Azevedo
July 27, 2021
TechCrunch
The previously bootstrapped 1Password raised its first round of external capital in 2019, a $200 million Series A led by Accel that represented the VC firm's largest single investment in its 35 years.
Saumya Tewari
July 26, 2021
mint
MyGlamm's valuation is expected to cross ₹2,000 crore following this funding round
Ron Miller
July 6, 2021
TechCrunch
While SaaS has become the default way to deliver software in 2021, it still takes a keen eye to find the companies that will grow into successful businesses, maybe even more so with so much competition. That's why we're bringing together three investors to discuss what they look for when they invest in SaaS startups. [...]
Livemint
June 30, 2021
mint
Detect's software platform services clients across industries of oil and gas, petrochemicals, construction, steel, metals, chemicals, fertilizers, pharmaceuticals, power, renewables, and cement
Mary Ann Azevedo
June 29, 2021
TechCrunch
Accel announced Tuesday the close of three new funds totaling $3.05 billion, money that it will be using to back early-stage startups, as well as growth rounds for more mature companies. Notably, the 38-year-old Silicon Valley-based venture firm is doubling down on global investing. The announcement underscores both the robust confidence investors continue to have [...]
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References

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