Accel Partners

  • Accel Launches Third India Fund; Will Invest $155M In Early Stage Startups

    Accel Launches Third India Fund; Will Invest $155M In Early Stage Startups

    After debuting a new $100 million big data initiative, Accel Partners is expanding its presence in another areas, though this time in a geographic region of the world. Accel is closing its third India fund, totaling $155 million, to invest in seed and early-stage opportunities in the region. Accel previously launched two India funds. The most recent fund was launched in 2008 and totaled… Read More

  • Accel Debuts $100M Fund To Invest In Disruptive Big Data Companies

    Accel Debuts $100M Fund To Invest In Disruptive Big Data Companies

    Accel Partners has steadily been making investments in infrastructure and companies looking to manage big data for the enterprise, including funding Cloudera, CouchBase, and even Fusion-IO. But there’s no doubt that more and more startups are launching to help businesses manage massive amounts of data as technologies like Apache Hadoop become more popular. Today, Accel is launching a… Read More

  • Accel EIR Steps In As CEO Of Online Payments Platform Braintree

    Accel EIR Steps In As CEO Of Online Payments Platform Braintree

    Braintree, an Accel-backed online payments provider, is announcing a new CEO today—payments exec Bill Ready. In July, Ready joined Accel as an Executive in Residence to bring his payments expertise to the firm’s portfolio companies and investment strategy. Braintree, which just raised $34 million from Accel Partners, essentially powers and automates online payments for merchants… Read More

  • Accel Partners’ Jim Breyer Slated To Join News Corp Board, Perkins To Exit

    Accel Partners’ Jim Breyer Slated To Join News Corp Board, Perkins To Exit

    Jim Breyer, a partner of venture capital firm Accel Partners, has been nominated for election to the board of directors of media conglomerate News Corporation, the company announced this morning. Breyer will stand for election at News Corp’s annual meeting of stockholders on October 21, 2011 in Los Angeles, California. The company also said that directors Kenneth E. Cowley and Thomas J. Read More

  • Accel Puts Over $30M In Digital Marketing Platform For The Auto Industry Dealer.com

    Accel Puts Over $30M In Digital Marketing Platform For The Auto Industry Dealer.com

    Accel Partners has made a major investment in Dealer.com, a company that provides SaaS marketing solutions to auto dealers. Accel partner Todd MacLean will join company’s Board of Directors as part of the transaction, which is estimated to be north of $30 million. Based in Burlington, VT, Dealer.com sells a SaaS application that manages auto dealers’ web presence from start to finish. Read More

  • Accel Boosts Social Enterprise Expertise, Adds Salesforce Chatter Creator As EIR

    Accel Boosts Social Enterprise Expertise, Adds Salesforce Chatter Creator As EIR

    After adding online payments exec Bill Ready as an Executive-In-Residence, Accel Partners is shoring up another area of expertise with the addition of former Salesforce.com executive Chuck Ganapathi as the firm’s newest Entrepreneur-in-Residence. At Accel, Ganapathi, who was the creator of Salesforce’s “Facebook for the Enterprise” Chatter, will focus on developing… Read More

  • Sequoia, Accel, And Union Square Top SecondMarket’s New VC Scoreboard

    Sequoia, Accel, And Union Square Top SecondMarket’s New VC Scoreboard

    Demand for private company shares declined in the second quarter versus the first quarter but was up sharply year-over-year, according to a new report released today by SecondMarket. The market for private company stock saw $112 million in transactions last quarter, versus $156 million in the first quarter, or down 39 percent sequentially. On an annual basis, however, it was up 120 percent… Read More

  • Accel Furthers Online Payments Expertise With New EIR From iPay

    Accel Furthers Online Payments Expertise With New EIR From iPay

    Accel Partners has been making major investments in a number of online payments companies, including Wonga, e-payments company Yapstone, and most recently, online payments company Braintree. In fact, payments is one of the main investment themes that Accel is targeting in its funding strategy. So it’s not surprising that the venture firm is staffing up on experienced talent to help find… Read More

  • Accel Partners Closes $1.35 Billion In Two Funds

    Accel Partners Closes $1.35 Billion In Two Funds

    Mega funds are back. Accel Partners closed two funds today for a total of $1.35 billion in new capital. The funds are Accel XI, which raised $475 million, and Accel Growth Fund II, which raised $875 million. Other VC firms with recent billion-dollar funds include Sequoia, Greylock, and Khosla is raising one as well. It took less than two months to raise the $1.35 billion. The fundraising… Read More

  • Accel Adds Enterprise Data Storage And Infrastructure Exec Kirk Bowman As Venture Partner

    Accel Adds Enterprise Data Storage And Infrastructure Exec Kirk Bowman As Venture Partner

    Accel Partners has a long, and well-known history of making solid investment bets on popular consumer facing web and mobile platforms, including Facebook, Groupon, Etsy, Trulia and Angry Birds. But the firm is also making significant movements in the enterprise cloud storage and infrastructure space with investments in Cloudera, Couchbase, Nimble, Springsource, Atlassian, and DropBox. The fact… Read More

  • The Top 10 VC Firms, According To InvestorRank

    The Top 10 VC Firms, According To InvestorRank

    Any seasoned investor knows that past performance is not indicative of future returns. That is as true with public stocks as it is with venture capital firms. But if someone were to ask you to rank the top VC firms today based on their probability of success, how would you do it? Remember, looking at past returns won’t help you. Chris Farmer, a VC at General Catalyst Partners, has come… Read More

  • Accel Invests $35M. in 99designs…After Years of Trying

    Accel Invests $35M. in 99designs…After Years of Trying

    Accel Partners has invested $35 million in the crowdsource design service 99designs– a monster of a series A. Of course, 99designs is not your average early-stage startup. Born in Melbourne, Australia out of an older company called sitepoint.com, 99designs is bootstrapped, profitable and growing revenues at a rate of about 120% a year. A few strategic angel investors also… Read More

  • StylistPick secures $8m in Series A to expand its monthly fashion offers

    StylistPick secures $8m in Series A to expand its monthly fashion offers

    Proof that online fashion remains a hot space, StylistPick, the fashion buying site that offers members a personalised offer each month, has raised $8 million in a Series A round co-led by Accel Partners and Index Ventures. Founded in 2010, Stylistpick offers a neat take on the fashion club model: Customers signup to StylistPick and are asked to take a short quiz to “identify their… Read More

  • Angry Birds Maker Rovio Raises $42 Million From Accel, Atomico And Felicis

    Angry Birds Maker Rovio Raises $42 Million From Accel, Atomico And Felicis

    Rovio, the Finnish entertainment media company who famously operates the Angry Birds franchise, has raised $42 million in Series A funding. The round was co-led by Accel Partners and Atomico Ventures, the VC firm created by Skype co-founder Niklas Zennström, who will be joining Rovio’s board. ‘Super angel fund’ Felicis Ventures also participated. Currently, Angry Birds is… Read More

  • Qriously raises $1.6m to let brands replace mobile ads with questions

    Qriously raises $1.6m to let brands replace mobile ads with questions

    Qriously, a service that lets brands measure location-based public opinion, has raised $1.6m in a new funding round led by Accel Partners. Amalfi Capital also participated, while the London-based startup is originally backed by Pacific Tiger Group. Through its SDK offered to mobile app developers, Qriously lets advertisers display questions instead of traditional mobile ads so that they… Read More

  • Qriously Raises $1.6M To Let Brands Replace Mobile Ads With Questions

    Qriously, a service that lets brands measure location-based public opinion, has raised $1.6m in a new funding round led by Accel Partners. Amalfi Capital also participated, while the London-based startup is originally backed by Pacific Tiger Group. Through its SDK offered to mobile app developers, Qriously lets advertisers display questions instead of traditional mobile ads so that they… Read More

  • Big Appetite: Greylock Sends Entrepreneurs a Message with Expanded $1 Billion Fund

    Big Appetite: Greylock Sends Entrepreneurs a Message with Expanded $1 Billion Fund

    In case you missed it, being a super angel is officially passe. The new hotness is having a late-stage growth cash. Sequoia Capital is doing it. Andreessen Horowitz is doing it. Kleiner Perkins Caufield & Byers is doing it. Accel is doing it. Hell, even Chris Sacca is somehow doing it. Greylock is the latest to officially join the club, with news today of an expansion to its current… Read More

  • GetJar CEO Ilja Laurs Explains Why They Just Raised $25 Million (TCTV)

    GetJar CEO Ilja Laurs Explains Why They Just Raised $25 Million (TCTV)

    GetJar, the independent, cross-platform app store provider, this morning announced that it has raised $25 million in Series C funding from Tiger Global Management and longtime backer Accel Partners. I caught up with founder and CEO Ilja Laurs at the Mobile World Congress in Barcelona to talk about how his business has grown since the last time I did a video interview with the charismatic… Read More

  • Abe's Market, Natural Products Retailer, Closes $3.4 Million Series A Investment

    Abe's Market, Natural Products Retailer, Closes $3.4 Million Series A Investment

    A Chicago-area startup that sells natural consumer goods online, Abe’s Market, closed a $3.4 million series A investment the company announced today. Accel Partners led the round, joined by the company’s earlier investors, Index Ventures and several angels. Abe’s Market calls itself the equivalent of an online farmer’s market, and focuses on selling non-food… Read More

  • Accel-Backed ScaleXtreme Takes Data Center Management To The Cloud

    Accel-Backed ScaleXtreme Takes Data Center Management To The Cloud

    Data center automation is a hulking $14 billion segment of the enterprise IT industry dominated by hulking giants like IBM, HP (through its $1.6 billion Opsware acquisition), BMC (through its $800 million BladeLogic acquisition in 2008), and VMWare. Companies often have thousands of servers, both physical and virtual, that need to be managed, and on top of that they are trying to keep track… Read More