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
