Accel has funded technological innovation organizations which include 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 back links
History[modify]
In 1983, Accel was built by Arthur Patterson and Jim Swartz.[28] The co-creators established the firm's "Prepared Mind" expense viewpoint dependant upon the Louis Pasteur price quote "Chance favors the geared up imagination.",[29] which requires "deep concentration[30]" as well as a self-disciplined and informed approach to making an investment.[31]
In 2000, Accel came into a joint-opportunity with Kohlberg Kravis Roberts to create Accel-KKR a technologies-centered personal fairness expenditure firm focused on command investments in middle-market providers.[32]
In 2001, Accel started its London workplace like a individual fund, to invest in European engineering businesses,[33] emphasizing Series A and Series B ventures.[34] Its European investments involve Avito (attained by Naspers for $1.2 billion),[35] BlaBlaCar,[36] Deliveroo,[37] Spotify and Supercell (acquired by Tencent for $8.6 billion), and the like.
Besides Accel's continued investments in early-period startups from your Accel earlier step fund, the organization announced a $480 zillion improvement fund in December 2008, focused on improvement collateral possibilities in information technology, the internet, electronic digital software program, marketing, mass media and cell phone and professional services.[38]
In March 2016, Accel lifted $2 billion dollars, $500 mil for venture capital the ahead of time period enterprise account and $1.5 billion for progress assets.[39] In April 2016, Accel lifted an independent $500 thousand account for assets in Europe and Israel.[40] In November 2016, Accel's India arm closed up its 5th fund with $450 mil, about a couple of years soon after closing its 4th account with $325 zillion.[41][42]
Portfolio[edit]
Accel is really a business cash agency that concentrates about the adhering to modern technology industries: [43][44]
- Consumer
- Infrastructure
- Media
- Mobile
SaaS
- Security
- Customer care services
Investments[edit]
Accel works together beginning, seed and progress-level ventures.[45] Its seed and early on period purchases include Dropbox, Flipkart, Facebook or myspace, Cloudera and Dropcam Jet.com, Podium and Slack. The firm’s progress capital purchases target much more designed firms that require a much larger amount of budget to grow their organization.[46] These include Qualtrics, Atlassian and DJI.
In May 2019 Accel shut $575 thousand financial investment spherical, which triggered lending Series A of European and Israel startups. The around was the most significant in the region and also the total number of funds monitored by Accel gotten to $3 billion dollars.[47]
Recent exits involve:
- Arista Networks: IPO valuation of $2.7 billion in 2014[48]
- Atlassian: IPO valuation of $4.4 billion dollars in 2015[49]
Avito: procured by Naspers for $1.2 billion in 2015[50]
Braintree: attained by PayPal for $800 zillion in 2013[51]
- Cloudera: IPO valuation of $2.3 billion dollars in 2017[52]
- Despegar: IPO valuation of $1.97 billion in 2017[53]
Etsy: IPO valuation of $1.78 billion dollars in 2015[54]
- Facebook: IPO valuation of $104 billion dollars in 2012[55]
- ForeScout: IPO valuation of $935+ million in 2017[56]
Fusion-io: obtained by SanDisk for $1.1 billion in 2014[57]
- Iron Planet: received by Ritchie Bros. for about $758.5 zillion in 2017[58]
- Jet: attained by Walmart for $3.3 billion in 2016[59]
Krux: obtained by Salesforce for $700 million in 2016[60]
Lynda.com: procured by LinkedIn for a $1.5 billion dollars valuation in 2015[61]
Legendary Pictures: obtained by Wanda Group for $3.5 billion in 2016[62]
Rovio: IPO valuation of $1 billion in 2017[63]
Supercell: attained by Softbank for $5.5 billion in 2015 and obtained by Tencent for $8.6 billion dollars in 2016[64]
Trulia: IPO valuation of $448 mil[65] and received by Zillow for $3.5 billion dollars in 2014[66]
- Facilio: financed for $6,4 thousand in addition to Tiger Global.[67]
Geographies[revise]
Accel's US fund is headquartered in PaloThe state of california and Alto, with places of work in San Francisco, California.[68] Accel's European account is headquartered in Britain, Accel's and United kingdom India account is headquartered in Bangalore , India.[69] Along with the U.S., Accel has ventures throughout in France,[70] Germany,[71] Israel,[72] Australia,[73] New Zealand,[74] Brazil,[75] Canada,[76] China,[77]Finland and India, Switzerland[78] and a lot more.
References[change]
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