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Year Founded: 1983

AUM: N/A | Dry Powder: N/A

500 University Avenue, Palo Alto, CA 94301, US

Accel is a VC firm based in Palo Alto, California. The firm focuses on investing in early-stage companies operating in the internet infrastructure, internet software, consumer, enterprise, business products & services, information technology, and cloud-enabled service sectors

Key Contacts

  • Anne Rockhold
    Chief Financial Officer
  • Tracy Sedlock
    Chief Operating Partner
  • Miles Clements
    Investor, Principal & Partner

Investment Preferences

  • Preferred Industries
    Commercial Products, Commercial Services, Communications and Networking, Computer Hardware, Consumer Durables, Consumer Non-Durables, Healthcare Devices and Supplies, etc.
  • Geographical Preference
  • Preferred Deal Types
    Early-Stage VC, Seed Round
  • Other Investment Preferences
    Prefers minority stake, Will syndicate

Investments By Year

Source: Pitchbook

Funds Closed

Accel India
Vintage: 2022

Size: $650M

Dry Powder: $650M 

Details: The fund targets global business products & services, SaaS and Web3 industries etc. and seeks to invest in minimum 40 companies

Accel Leaders IV
Vintage: 2022

Size: $4B

Dry Powder: $4B

Details: It is a later-stage VC fund which is located in California and invests globally

Accel Growth Fund VI
Vintage: 2021

Size: $1.8B

Dry Powder: $1.8B

Details: The fund invests in the technology sector and makes 20 to 30 investments per company

Investments By Industry

Investments By Region

Source: Pitchbook

Key Investments

In March 2023, Appbrew secured a $2 million seed funding led by Accel with participation from Riverside Ventures and other undisclosed investors. Appbrew is an operator of a no-code platform designed to help brands build and scale high-conversion mobile applications

In January 2023, construction services startup Brick & Bolt secured $10 million as a part of its Series A2 funding round co-led by venture capital firms Accel and Celesta Capital

In March 2023, Beam Finance Inc. secured $4 million in a seed funding round led by Accel, Susa Ventures, Wischoff Ventures, and an Individual Investor. Beam Finance Inc. provides billing and compliance solutions for the construction industry

In October 2022, Accel, Citi Ventures, Polygon co-founder Sandeep Nailwal, and hedge fund managers invested $6 million in xalts, an institution-focused digital asset management and technology firm founded by former HSBC and Meta executives. Following the investment, xalts plans to develop fund-based products, including mutual funds or exchange-traded funds listed on global exchanges, that are linked to digital assets

In September 2022, Tesseract, a provider of commission-free electricity, raised $30 million of funding in a deal led by Balderton Capital and Lakesta with participation from Accel and 8 other investors. The funds will be used to buy and build selected renewable energy assets and support the development of the platform

In March 2022, Axonius, a cybersecurity asset management platform raised $200 million in a Series E venture funding in a deal led by Accel with other co-investors like: Stripes, DTCP, Silver Lake, Bessemer Venture Partners, Lightspeed Venture Partners, Alta Park Capital, Owl Rock Capital Group, ICONIQ Capital and Alkeon Capital. The funds will be used to accelerate global expansion and scale in the delivery of CAASM and SaaS Management solutions

In February 2022, Niyo, a developer of a payroll management platform raised $100 million in a Series C venture funding in a deal led by Accel and Lightrock with other co-investors like Beams Fintech Fund, Prime Venture Partners and JS Capital Management. The funds will be used for product innovation, marketing, and branding, increasing its distribution, and hiring top talent across functions

In February 2022, Genesis, a developer of capital markets software raised $200 million in a Series C venture funding in a deal led by Tiger Global Management alongside other undisclosed investors. The funds will be used to expand the capabilities of its platform, toward supporting the developer ecosystem, onboard new developers, and support them in their buy-to-build journey

Other Details

The firm makes investments in focused sectors including computing & storage infrastructure, consumer internet & media, enterprise software & services, mobile, networking systems, retail consumer, security, technology enabled services

The firm’s latest closed fund is Accel India VII, a VC fund managed by Accel. The fund is located in Palo Alto, California, and invests in India and Southeast Asia. The fund targets global business products and services, digital health, e-commerce, fintech, SaaS, and Web3 industries and seeks to invest in minimum 40 companies. The fund’s target size is $650 million

GV, Y Combinator, Sequoia Capital, Battery Ventures, Insight Partners, Qualcomm Ventures, Index Ventures, Tiger Global Management, SV Angel are some of the co-investors who invest alongside Accel Partners

Source: Pitchbook, Company Website, Press Release