Accel Partners

Accel Partners

Type	Private Ownership
Industry	Venture capital
Founded	1983
Headquarters	Palo Alto, California, U.S.
Products	Venture capital, Growth capital
Website	www.accel.com

Accel, formerly known as Accel Partners, is a venture and growth equity firm. Accel funds companies from inception through the growth stage. The company manages over $8.8 billion from its US offices in Palo Alto, California and New York City. It has separate operating funds in London^[1] , India^[2] and China (through a partnership with International Data Group (IDG-Accel)).^[3]

History

In 1983, Accel was founded by Arthur Patterson and Jim Swartz.^[4]

In 2000, Accel entered into a joint-venture with Kohlberg Kravis Roberts to form Accel-KKR a technology-focused private equity investment firm focused on control investments of middle-market companies.^[5]

In addition to Accel's continued investments in early-stage startups from the Accel X early stage fund, the firm announced a $480 million growth fund in December 2008, focused on growth equity opportunities in information technology, internet, digital media, mobile, networking, software, and services.^[6]

In March 2016, Accel raised $2 billion, $500 million for an early stage venture fund and $1.5 billion for a growth investments. ^[7]

References

1. "Private Equity Week Wire for Tuesday 6/12 - PE HUB". PE HUB. Retrieved 2016-03-04.
2. Russell, Jon. "Accel Announces New $305 Million Investment Fund For India". TechCrunch. Retrieved 2016-03-04.
3. Mac, Ryan (March 19, 2014). "Accel Partners Raises New Funds Totaling Over $1 Billion As Facebook Investor Jim Breyer Reduces Role". Forbes.
4. "Accel Team Jim Swartz".
5. "History of Kohlberg, Kravis, Robert & Co.".
6. "Accel closes two funds totaling more than $1B".
7. http://www.nytimes.com/2016/03/16/business/dealbook/accel-raises-2-billion-to-invest-in-start-ups.html?_r=0

External links

• Accel (company website)
• Crunchbase Profile