James R Swartz Ipo

James r swartz ipo

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,[1][2]India[3] and China (through a partnership with International Data Group (IDG-Accel)).[4]

Accel has funded technology companies including 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], Instana[24] and Egyptian Instabug[25].

History[edit]

In 1983, Accel was founded by Arthur Patterson and Jim Swartz.[26] The co-founders developed the firm's "Prepared Mind" investment philosophy based on the Louis Pasteur quote "Chance favors the prepared mind.",[27] which requires "deep focus[28]" and a disciplined and informed approach to investing.[29]

In 2000, 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.[30]

In 2001, Accel opened its London office as a separate fund, to invest in European technology companies,[31] focusing on Series A and Series B investments.[32] Its European investments include Avito (acquired by Naspers for $1.2 billion),[33]BlaBlaCar,[34]Deliveroo,[35]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.[36]

In March 2016, Accel raised $2 billion, $500 million for an early stage venture fund and $1.5 billion for growth investments.[37] In April 2016, Accel raised a separate $500 million fund for investments in Europe and Israel.[38] 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.[39][40]

Portfolio[edit]

Accel is a venture capital firm that concentrates on the following technology sectors:[41][42]

  • Consumer
  • Infrastructure
  • Media
  • Mobile
  • SaaS
  • Security
  • Customer care services

Investments[edit]

Accel works with seed, early and growth-stage investments.[43] Its seed and early stage investments include Cloudera, Dropbox, Dropcam, Facebook, Flipkart, Jet.com, Podium and Slack.

The firm’s growth capital investments focus on more developed companies that require a larger amount of capital to expand their business.[44] Examples include Atlassian, DJI and Qualtrics.

In May 2019 Accel closed $575 million investment round, which led to financing Series A of European and Israel startups.

The round was the largest in the region and the total amount of funds managed by Accel reached $3 billion.[45]

Recent exits include:

Geographies[edit]

Accel's US fund is headquartered in Palo Alto, California, with offices in San Francisco, California.[66] Accel's European fund is headquartered in London, England and Accel's India fund is headquartered in Bangalore , India.[67] In addition to the U.S., Accel has investments across in France,[68] Germany,[69] Israel,[70] Australia,[71] New Zealand,[72] Brazil,[73] Canada,[74] China,[75] Finland, India, Switzerland[76] and more.

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External links[edit]