Accel has financed systems companies like 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], Vinculum Group[24], Instana[25], CleverTap[26] and Egyptian Instabug.[27]
Contents
1 History
2 Portfolio
3 Investments
4 Geographies
5 References
6 External url links
History[change]
In 1983, Accel was launched by Arthur Patterson and Jim Swartz.[28] The co-creators produced the firm's "Prepared Mind" financial investment beliefs in line with the Louis Pasteur insurance quote "Chance favors the equipped imagination.",[29] which demands "deeply concentrate[30]" plus a disciplined and educated strategy to trading.[31]
In 2000, Accel moved into a joints-project with Kohlberg Kravis Roberts to create Accel-KKR a technology-on target personal fairness expense company centered on handle ventures in mid-sector providers.[32]
In 2001, Accel opened its London place of work as a split account, to invest in European technology companies,[33] being focused on Series A and Series B investments.[34] Its European investment opportunities involve Avito (purchased by Naspers for $1.2 billion dollars),[35] BlaBlaCar,[36] Deliveroo,[37] Spotify and Supercell (obtained by Tencent for $8.6 billion), among others.
Besides Accel's continuing purchases at the begining of-point startups coming from the Accel earlier phase fund, the agency revealed a $480 mil development account in December 2008, dedicated to growth fairness prospects in i . t ., the world wide web, electronic digital software, marketing, cell and press and products and services.[38]
In March 2016, Accel increased $2 billion, $500 thousand for an ahead of time point opportunity fund and $1.5 billion dollars for advancement investment opportunities.[39] In April 2016, Accel elevated an independent $500 zillion account for assets in Europe and Israel.[40] In November 2016, Accel's India left arm shut its fifth account with $450 zillion, about 2 years just after shutting down its fourth fund with $325 million.[41][42]
Portfolio[revise]
Accel can be a project funds organization that concentrates over the subsequent technologies market sectors: [43][44]
- Consumer
- Infrastructure
- Media
- Mobile
SaaS
- Security
- Customer care solutions
Investments[edit]
Accel works with early, expansion and seed-point assets.[45] Its seed and very early phase assets involve Dropbox, Cloudera, Dropcam, vc funding Flipkart and Fb Jet.com, Podium and Slack. The firm’s advancement capital assets target a lot more produced firms that demand a more substantial level of investment capital to expand their enterprise.[46] Examples include Atlassian, Qualtrics and DJI.
In May 2019 Accel shut $575 million investment spherical, which led to loans Series A of European and Israel startups. The circular was the most significant in the area along with the total degree of funds handled by Accel achieved $3 billion.[47]
Recent exits consist of:
- Arista Networks: IPO valuation of $2.7 billion dollars in 2014[48]
- Atlassian: IPO valuation of $4.4 billion in 2015[49]
Avito: purchased by Naspers for $1.2 billion in 2015[50]
Braintree: received by PayPal for $800 million in 2013[51]
- Cloudera: IPO valuation of $2.3 billion in 2017[52]
- Despegar: vc funding IPO valuation of $1.97 billion dollars in 2017[53]
Etsy: IPO valuation of $1.78 billion in 2015[54]
- Facebook: IPO valuation of $104 billion dollars in 2012[55]
- ForeScout: IPO valuation of $935+ thousand in 2017[56]
Fusion-io: procured by SanDisk for $1.1 billion dollars in 2014[57]
- Iron Planet: purchased by Ritchie Bros. for approximately $758.5 million in 2017[58]
- Jet: obtained by Walmart for $3.3 billion in 2016[59]
Krux: obtained by Salesforce for $700 zillion in 2016[60]
Lynda.com: vc funding - simply click the following web site, purchased by LinkedIn with a $1.5 billion dollars valuation in 2015[61]
Legendary Pictures: attained by Wanda Group for $3.5 billion dollars in 2016[62]
Rovio: IPO valuation of $1 billion dollars in 2017[63]
Supercell: obtained by Softbank for $5.5 billion dollars in 2015 and purchased by Tencent for $8.6 billion dollars in 2016[64]
Trulia: vc funding IPO valuation of $448 million[65] and procured by Zillow for $3.5 billion in 2014[66]
- Facilio: financed for vc funding $6,4 mil as well as Tiger Global.[67]
Geographies[edit]
Accel's US account is headquartered in PaloAlto and California, with offices in San Francisco, California.[68] Accel's European account is headquartered in Birmingham, Accel's and England India fund is headquartered in Bangalore , India.[69] Besides the U.S., Accel has investment opportunities throughout in France,[70] Germany,[71] Israel,[72] Australia,[73] Nz,[74] Brazil,[75] Canada,[76] China,[77]India and Finland, Switzerland[78] plus more.
References[edit]
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