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.
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.