Accel Partners

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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 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 offices in Palo Alto, California, New York City, London, India and China (through a partnership with IDG-Accel).[1]

History[edit]

Accel Partners was founded in 1983 by Arthur Patterson and Jim Swartz.

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.

In addition to Accel's continued investments in early-stage startups from the Accel X early stage fund, Accel announced its $480 million growth fund in December of 2008. This fund has focused on growth equity opportunities across sectors including: information technology, internet, digital media, mobile, networking, software, and services.

In April 2009, Sukhinder Singh Cassidy, formerly Google's president for Asia-Pacific and Latin American operations, became a CEO-in-residence.[2]

Founder of RealNetworks, Rob Glaser joined Accel in June 2010, focusing on digital media technology, social media, and mobile services.[3]

Investments[edit]

Since 1983, Accel has invested in over 300 companies, including AdMob, Angry Birds, Braintree, Cloudera, Code 42 Software, Collectabillia, Dropbox, Etsy, Facebook, Flipkart, GetJar, Glam Media, Groupon, Kayak, Macromedia, Medio, metroPCS, Spotify, Sumo Logic, SunRun, Supercell, Trivone, TRUSTe, Walmart.com, and Vox Media.

References[edit]

  1. ^ Mac, Ryan (March 19, 2014). "Accel Partners Raises New Funds Totaling Over $1 Billion As Facebook Investor Jim Breyer Reduces Role". Forbes. 
  2. ^ "Accel Partners Adds Google Executive Sukhinder Singh Cassidy as CEO-in-Residence". Press release. Accel Partners. 8 April 2009. Retrieved 1 September 2013. 
  3. ^ "Rob Glaser, Founder of RealNetworks, Joins Accel Partners". Accel Partners. 25 May 2010. Retrieved 2011-03-31. 

External links[edit]