Accel (company)

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Accel, formerly known as Accel Partners, is a global 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] and India.[3]

History

In 1983, Accel was founded by Arthur Patterson and Jim Swartz.[4] The co-founders developed the firm's "prepared mind" investment philosophy based on the Louis Pasteur quote "chance favors the prepared mind",[5] which they say requires "deep focus"[6] and a disciplined and informed approach to investing.[7]

In 2005, Accel Partners under the leadership of Jim Breyer, invested $12.7 million in Facebook, valuing the company at $98 million.[8] This investment became one of the most lucrative in venture capital history with Accel’s stake increasing to $8 billion by 2012.[9]

Investments and fundraises

In January 2025, Accel raised $650 million early stage fund for startups in India and South East Asia[10]

Accel focuses on enterprise, SaaS, and consumer investments and works with seed, early, growth-stage companies worldwide.[11] The firm's growth capital investments focus on more developed companies that require a larger amount of capital to expand their business. Notable investments include:

Notable investments
Year Companies
2020s Bumble,[12] Klaviyo,[13] Linear,[14] Synthesia[15] H Company,[16] Vercel,[17] Tailscale[18]
2010s 1Password,[19] Atlassian,[20] CrowdStrike,[21] Deliveroo,[22] Docusign[23] Dropcam,[24] Fiverr[25] Frame.io,[26] Freshworks[27] Jet.com,[28] Lynda,[29] Miro,[30] Qualtrics,[31] Scale AI,[32] Segment,[33] Spotify,[34] Supercell[35] Squarespace,[36] Swiggy,[37] Tenable[38],UiPath[39] Venmo[40]
2000s Cloudera,[41] Dropbox,[42] Facebook,[43] Flipkart (acquired by Walmart),[44] Groupon,[45] Slack,[46] Kayak[47]
1980s-1990s MetroPCS,[48] UUNet,[49] Polycom,[50] RealNetworks[51]

Geographies

Accel has offices in Palo Alto and San Francisco, California;[52] London, England; and Bangalore, India.[53]

In 2000, Accel entered a joint venture with Kohlberg Kravis Roberts to form Accel-KKR, an independently operated technology-focused private equity investment firm focused on control investments in middle-market companies.[54] Similarly, in the same year, Accel partnered with IDG Capital to create IDG-Accel, a joint venture focusing on early-stage and growth investments in the Chinese market.[55] Both Accel-KKR and IDG-Accel now operate independently.

References

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External links

Template:Venture capital firms