Accel has funded technologies businesses which includes 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, startup VC (http://atalindustries.com) 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 web links
History[alter]
In 1983, Accel was built by Arthur Patterson and Jim Swartz.[28] The co-founders developed the firm's "Prepared Mind" expenditure viewpoint depending on the Louis Pasteur insurance quote "Chance favors the ready brain.",[29] which calls for "deeply target[30]" and also a informed and disciplined technique to shelling out.[31]
In 2000, Accel came into a joint-opportunity with Kohlberg Kravis Roberts to produce Accel-KKR a systems-concentrated individual home equity investment strong focused entirely on control investment strategies in midsection-current market firms.[32]
In 2001, Accel opened up its London place of work like a separate account, startup VC to buy European technologies businesses,[33] centering on Series A and Series B purchases.[34] Its European assets contain Avito (received by Naspers for $1.2 billion dollars),[35] BlaBlaCar,[36] Deliveroo,[37] Spotify and Supercell (received by Tencent for $8.6 billion dollars), amongst others.
In combination with Accel's continued assets during the early-level startups coming from the Accel earlier phase fund, the organization reported a $480 million development fund in December 2008, focused entirely on improvement fairness chances in i . t, the online market place, virtual mass media, program, portable and marketing and providers.[38]
In March 2016, Accel lifted $2 billion dollars, $500 mil to have an early on stage opportunity account and Startup VC $1.5 billion dollars for growth ventures.[39] In April 2016, Accel heightened an independent $500 thousand account for assets in Europe and Israel.[40] In November 2016, Accel's India arm closed down its fifth account with $450 million, about 2 years soon after closing its fourth fund with $325 million.[41][42]
Portfolio[change]
Accel is usually a business cash business that concentrates for the using systems areas: [43][44]
- Consumer
- Infrastructure
- Media
- Mobile
SaaS
- Security
- Customer support services
Investments[update]
Accel works jointly with advancement, seed and earlier-point investment strategies.[45] Its seed and very early level investment strategies include Myspace, Dropbox, Cloudera, Flipkart and Dropcam Jet.com, Podium and Slack. The firm’s expansion capital investment strategies target additional formulated businesses that need to have a much larger quantity of money to expand their small business.[46] These include DJI, Qualtrics and Atlassian.
In May 2019 Accel shut down $575 mil investment decision circular, which caused funding Series A of European and Israel startups. The circular was the most significant in the region plus the total volume of funds mastered by Accel reached $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 dollars in 2015[49]
Avito: acquired by Naspers for $1.2 billion in 2015[50]
Braintree: acquired by PayPal for $800 million in 2013[51]
- Cloudera: IPO valuation of $2.3 billion in 2017[52]
- Despegar: 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 in 2012[55]
- ForeScout: startup VC IPO valuation of $935+ mil in 2017[56]
Fusion-io: acquired by SanDisk for $1.1 billion in 2014[57]
- Iron Planet: attained by Ritchie Bros. for about $758.5 million in 2017[58]
- Jet: attained by Walmart for $3.3 billion dollars in 2016[59]
Krux: procured by Salesforce for $700 thousand in 2016[60]
Lynda.com: acquired by LinkedIn at a $1.5 billion valuation in 2015[61]
Legendary Pictures: acquired by Wanda Group for $3.5 billion dollars in 2016[62]
Rovio: IPO valuation of $1 billion dollars in 2017[63]
Supercell: procured by Softbank for $5.5 billion in 2015 and procured by Tencent for $8.6 billion dollars in 2016[64]
Trulia: IPO valuation of $448 zillion[65] and purchased by Zillow for $3.5 billion in 2014[66]
- Facilio: financed for $6,4 million in addition to Tiger Global.[67]
Geographies[modify]
Accel's US fund is headquartered in PaloCal and Alto, with offices in San Francisco, California.[68] Accel's European fund is headquartered in England, Accel's and East london India fund is headquartered in Bangalore , India.[69] Beyond the U.S., Accel has investments throughout in France,[70] Germany,[71] Israel,[72] Australia,[73] Nz,[74] Brazil,[75] Canada,[76] China,[77]India and startup VC Finland, Switzerland[78] plus more.
References[modify]
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