$9.6 billion under management
Accel, formerly Accel Partners, is a venture capital firm that headquarters in Palo Alto, California. It was founded in 1983 by Arthur Patterson and Jim Swartz. Besides San Paolo, the company has its office in San Francisco. Moreover, additional operating funds are located in London, India, and China.
The firm has its own philosophy called “Prepared Mind” which was developed by Accel’s co-founders. It means that they should be proactive and only in that case the company has the chance to be successful. In other words, the company should constantly follow trends and predict them for five or, sometimes, ten years.
As of 2000, Accel and Kohlberg Kravis Roberts established Accel-KKR as a joint venture. It is a private equity investment firm that focuses on middle-market companies’ investments control. For developing Accel’s European operations, in 2001, the separate fund in London was opened. It mainly deals with Series A and Series B investments. Among them are Avito, BlaBlaCar, Deliveroo, Hopln, Spotify, Supercell, and UiPath.
In 2008, Accel established a $480 million growth fund that was aimed to continue investments in early-stage start-ups in such spheres are IT, the Internet, digital media, mobile, software, and services. Proceeding with growth investments, in 2016, Accel raised $1.5 billion. At the same time, $2 billion and $500 million were raised for an early-stage venture fund. More than that a separate $500 million fund for Europe and Israel. In November 2016, in India Accel’s fifth fund raised $450 million. In 2019, Accel the largest round Series A of European and Israel start-ups closed at $575 million.
Under one brand there are four separate legal entities. In the USA – Accel Management Co. Inc in Palo Alto. Accel London Management Limited and Accel Partners Management LLP are in London. IDG VC Management Ltd is in Hong Kong.