Accel (company) Last updated August 21, 2025 History In 1983, Accel was founded by Arthur Patterson and Jim Swartz. [ 4] The co-founders developed the firm's "prepared mind" investment philosophy based on the Louis Pasteur quote "chance favors the prepared mind", [ 5] which they say requires "deep focus" [ 6] and a disciplined and informed approach to investing. [ 7]
In 2005, Accel Partners under the leadership of Jim Breyer, invested $12.7 million in Facebook , valuing the company at $98 million. [ 8] This investment became one of the most lucrative in venture capital history with Accel’s stake increasing to $8 billion by 2012. [ 9]
Investments and fundraises In May 2024, Accel raised a $650 million fund to invest in early-stage companies across Europe and Israel, with a focus on artificial intelligence and cybersecurity . Fundraising was facilitated, in part, by the establishment of Accel's London office in 2000. [ 10]
In January 2025, Accel raised $650 million early stage fund for startups in India and South East Asia [ 11]
Accel focuses on enterprise, SaaS , and consumer investments and works with seed, early, growth-stage companies worldwide. [ 12] The firm's growth capital investments focus on more developed companies that require a larger amount of capital to expand their business. Notable investments include:
Notable investments Year Companies 2020s Bumble , [ 13] Klaviyo , [ 14] Linear, [ 15] Synthesia [ 16] H Company, [ 17] Vercel , [ 18] Tailscale , [ 19] Recurly [ 20] 2010s 1Password , [ 21] Atlassian , [ 22] CrowdStrike , [ 23] Deliveroo , [ 24] Docusign [ 25] Dropcam , [ 26] Fiverr [ 27] Frame.io , [ 28] Freshworks [ 29] Jet.com , [ 30] Lynda , [ 31] Miro , [ 32] Qualtrics , [ 33] Scale AI , [ 34] Segment, [ 35] Spotify , [ 36] Supercell [ 37] Squarespace , [ 38] Swiggy , [ 39] Tenable , [ 40] UiPath [ 41] Venmo [ 42] 2000s Cloudera , [ 43] Dropbox , [ 44] Facebook , [ 45] Flipkart (acquired by Walmart ), [ 46] Groupon , [ 47] Slack , [ 48] Kayak [ 49] 1980s-1990s MetroPCS , [ 50] UUNet , [ 51] Polycom , [ 52] RealNetworks [ 53]
Geographies Accel has offices in Palo Alto and San Francisco , California; [ 54] London , England; and Bangalore , India. [ 55]
In 2000, Accel entered a joint venture with Kohlberg Kravis Roberts to form Accel-KKR, an independently operated technology-focused private equity investment firm focused on control investments in middle-market companies. [ 56] Similarly, in the same year, Accel partnered with IDG Capital to create IDG-Accel, a joint venture focusing on early-stage and growth investments in the Chinese market. [ 57] Both Accel-KKR and IDG-Accel now operate independently.
References ↑ "Accel raises $500 million fund to double down on Series A and B rounds in Europe and Israel - Tech.eu" . 11 April 2016. Retrieved 2016-09-12 . ↑ "Private Equity Week Wire for Tuesday 6/12 - PE HUB" . PE HUB . 4 April 2016. ↑ Russell, Jon (24 March 2015). "Accel Announces New $305 Million Investment Fund For India" . TechCrunch . Retrieved 2016-03-04 . ↑ "Accel Team Jim Swartz" . Archived from the original on 2016-01-24. Retrieved 2016-01-01 . ↑ "A Venture Capitalist View of the Top 5 Entrepreneurial Energy Opportunities" . Retrieved 2016-09-19 . ↑ "Accel Partners, Venture Capital Fund: Andrew Braccia, Investments" . www.fundingpost.com . Retrieved 2016-09-19 . ↑ "Accel Boosts Team - PE Hub" . 2013-07-24. Retrieved 2016-09-19 . ↑ "Jim Breyer (via Accel Partners)" . CNBC . 2012-05-22. Retrieved 2025-04-22 . ↑ Levy, Ari (January 18, 2012). "Accel Facebook Bet Poised to Become Biggest Venture Profit: Tech" . Bloomberg . ↑ Mukherjee, Supantha (2024-05-13). "VC firm Accel raises $650 mln to invest in AI, cybersecurity startups" . Reuters . Retrieved 2025-07-07 . ↑ "Accel raises $650 million early-stage fund for start-ups in India and Southeast Asia" . January 6, 2025. ↑ "Accel Partners Teardown" . CB Insights . 2016-02-05. ↑ Ross, Matican. "Bumble Sets IPO Pricing Range" . The Information . ↑ Miller, Ron (17 November 2020). "Marketing automation platform Klaviyo scores $200M Series C on $4.15B valuation" . TechCrunch . ↑ "Linear Raises $35M in Series B Funding" . Finsmes . 17 September 2023. ↑ Wiggers, Kyle (14 June 2023). "Synthesia secures $90M for AI that generates custom avatars" . TechCrunch . , ↑ Bergen, Mark (21 May 2024). "Holistic AI is now H, a new French startup with $220 Million Out of the Gate" . Bloomberg . ↑ Pimentel, Benjamin (21 April 2020). "The 29-year-old founder of Vercel used this pitch deck to raise $21 million from investors like Accel and GitHub's CEO to build faster websites" . Business Insider . ↑ Roof, Katie (8 April 2025). "Toronto's Tailscale Hits $1.5 Billion Valuation With New Funding" . Bloomberg . ↑ Balogh, Shannen (12 August 2020). "A fintech that helps Twitch, Showtime, and CBS manage their subscriptions is eyeing international growth after nabbing a big investment from Accel-KKR" . Business Insider . ↑ Miller, Ron (14 November 2019). "Fourteen years after launching, 1Password takes a $200M Series A" . TechCrunch . ↑ Schonfeld, Erick (14 July 2010). "Product Management Software Company Atlassian Takes A Huge, $60 Million First Round of Funding From Accel" . TechCrunch . ↑ "CrowdStrike closes Series B with USD 30 million" . Venture Capital Post . 9 September 2013. ↑ Cook, James (29 January 2015). "Deliveroo, the Online Food Delivery Service Just for Restaurants, Is Raising £16 Million" . Business Insider . ↑ Ha, Anthony (12 July 2012). "E-Signature Company DocuSign Raises $47.5M Led By Kleiner Perkins, Mary Meeker Joins the Board" . TechCrunch . ↑ Rao, Leena (21 September 2011). "Accel Leads $6M Round in Video Monitoring And Cloud Streaming Service Dropcam" . TechCrunch . ↑ Rao, Leena (3 May 2012). "Task-Based Marketplace Fiverr Raises $15M From Accel and Bessemer" . TechCrunch . ↑ Ha, Anthony (5 October 2015). "Video Collaboration Startup Frame.io Raises $2.2M" . TechCrunch . ↑ Barik, Soumyarendra (22 September 2021). "Freshworks becomes first Indian Saas startup to list in US after $1 Bn IPO" . entrackr.com . ↑ Kerr, Ronny (16 May 2017). "When Jet.com was young" . Vator News . ↑ Empson, Rip (15 January 2013). "After 17 Years, Education platform Lynda.com Raises Its First Round of Funding, $103M from Accel & Spectrum" . TechCrunch . ↑ Hall, Christine (5 January 2022). "Visual Collaboration company Miro valued at $17.5B following $400M in new funding" . TechCrunch . ↑ Ha, Anthony (15 May 2012). "Qualtrics Raises $70M From Accel and Sequoia: The Biggest Software Company You haven't heard of" . TechCrunch . ↑ Etherington, Darrell (9 April 2021). "Scale CEO Alex Wang and Accel's Dan Levine explain why sometimes unconventional VC deals are best" . TechCrunch . ↑ "Segment Raises $15M in Series A Funding" . Finsmes . 8 October 2014. ↑ Constine, Josh (21 November 2013). "Technology Crossover Ventures Funds All of Spotify's $250M International Growth Round" . TechCrunch . ↑ Butcher, Mike (26 May 2011). "Supercell Raises $12m from Accel Partners to power social web games" . TechCrunch . ↑ "Squarespace Raises $38.5 Million From Accel, Index Ventures" . TechCrunch . 13 July 2010. ↑ Magee, Christine (9 June 2015). "Swiggy Scoops Up $16.5M to Reinvent Food Delivery in India" . TechCrunch . ↑ Ha, Anthony (5 September 2012). "Network Security Company Tenable Raises a $50M Series A From Accel" . TechCrunch . ↑ Sawers, Paul (18 September 2018). "Automation software platform UiPath raises $225 million from CapitalG, Sequoia, and Accel at $3 billion valuation" . VentureBeat . ↑ Lardinois, Frederic (16 August 2012). "Online Payments Service Braintree Acquires Social Payments Startup Venmo" . TechCrunch . ↑ "Cloudera Raises $5 Million Series A Round For Hadoop Commercialization" . TechCrunch . 16 March 2009. ↑ Kincaid, Jason (4 November 2009). "Dropbox Raised $6 Million Sequoia-Led Series A In October 2008" . TechCrunch . ↑ Mangalindan, JP (11 January 2011). "Timeline: Where Facebook got its funding" . Fortune . ↑ J, Anand (10 May 2018). "Accel Partners Reveals Why It Invested in Flipkart At A Time When It Had No Backers" . VC Circle . ↑ Arrington, Michael (2 December 2009). "Groupon Gets a Hefty $30 Million from Accel for Local Offers Service" . TechCrunch . ↑ Chapman, Lizette (21 June 2019). "This VC Firm Invested $200 Million in Slack. Now Its Stake Is Worth $4.6 Billion" . Fortune . ↑ Schaal, Dennis (22 September 2016). "Kaya's Co-Founder and the Secret of Travel Startup Success" . Skift . ↑ "MetroPCS Director's $13 Million Sale" . Barron's . 21 September 2011. ↑ Flynn, Laurie (5 February 1995). "Technology; Internet Server Takes a Big Step" . New York Times . ↑ "Picture this" . Forbes . 11 March 1998. ↑ "Accel Partners starts international fund" . CNET . 2 January 2002. ↑ "Accel" . Accel . Retrieved 2016-09-15 . ↑ "Connect" . Accel . Retrieved 2016-09-15 . ↑ Dowd, Kevin (17 April 2017). "Accel-KKR dips into Europe for latest tech transaction" . Pitchbook . ↑ Mac, Ryan (March 19, 2014). "Accel Partners Raises New Funds Totaling Over $1 Billion As Facebook Investor Jim Breyer Reduces Role" . Forbes . External links
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