Accel Partners

  • Price Revealed For BBN Deal: $350 Million

    In September, defense contractor Raytheon announced an agreement to purchase R&D innovator BBN Technologies, but didn’t say for how much. Today, the deal closed and the price came out. It is $350 million. Investors Accel Partners and General Catalyst Partners, who co-led a management buyout in 2004, made out very nicely. Accel says that its cut was more than $100 million… Read More

  • TechCrunch Dealmaker Rankings: The Top 25 Most Active VCs In The Third Quarter

    In the third quarter of 2009, we saw a slight rebound in venture funding from earlier in the year. But which venture capital firms were the most active in the quarter? One of my favorite new tables in our latest TechCrunch Trends report, which is based on company data we collect in CrunchBase, is the ranking of the most active venture capital firms. We’ve reproduced that ranking below… Read More

  • Exit Stage Right: Accel, Benchmark, NEA, And Foundation Saw The Most Exits In Q3

    For more TechCrunch Analysis, check out the Q3 09 Trends Report here. Which venture capitalists had the most exist last quarter? A peek at Crunchbase data shows that Accel Partners, Benchmark Capital, Foundation Capital and New Enterprise Asosciates all recorded at least three exits by acquisition in Q3 2009. The four firms were all also among the ten most active investors in CrunchBase in… Read More

  • Causata Launches Customer Interaction Platform With $4.5M From Accel Partners

    Accel Partners has poured $4.5 million into Causata, a San Francisco-based software startup that provides tools companies can use to optimize customer experience and business results. The Series A round actually closed back in April this year, but the name of the investor has only now been made public through a regulatory filing, reports peHUB. Judging by messages posted this morning on… Read More

  • Jim Breyer's Midas Touch. Two Acquisitions in 24 Hours (Marvel And BBN)

    Investor Jim Breyer of Accel Partners is having a very good day. In the past 24 hours, two companies where he is an investor and board member have been acquired for big bucks: Marvel Entertainment, which was bought yesterday by Disney for $4 billion, and BBN Technologies, which was bought this morning by defense contractor Raytheon for an undisclosed amount. Breyer invested personally in… Read More

  • The Top 100 Networked Venture Capitalists

    Do venture investors with the biggest and best networks end up producing the best returns? An academic paper from a few years ago by Yael Hochberg, Alexander Ljungqvist, and Yang Lu titled “Whom You Know Matters: Venture Capital Networks and Investment Performance” (embedded at the bottom of this post) suggests that is the case. They looked at historic venture returns and found… Read More

  • Knewton Bags $6 Million Series B Round For Adaptive Learning Platform

    Online educational startup Knewton has raised $6 million in Series B financing from Bessemer Venture Partners and returning investors, which include VC firms Accel Partners and First Round Capital as well as several angel investors who had participated in the $2.5 million Series A round from May 2008, such as LinkedIn founder and CEO Reid Hoffman and Zenbe co-founder Peter Stern. The company… Read More

  • Cloudera Raises $5 Million Series A Round For Hadoop Commercialization

    Cloudera is definitely a startup that will have many eyes fixed on it in the future. Backed by an impressive list of investors and advisors and run by a team of experienced technology veterans, it’s doing interesting things with equally interesting open-source software. The company is today announcing the general availability of its flagship product, Cloudera Distribution for Hadoop… Read More

  • Accel India Venture Fund Closes $60 Million Seed And Early Stage Fund

    Accel India Venture Fund, which came out of Accel’s recent absorption of Indian VC firm Erasmic, as predicted has closed $60 million in a second round of funding new fund (the earlier round was fund had raised $12mn), according to Pluggdin. Accel believes that seed and early stage markets continue to be under served in India, attracting less than 5% of the total venture capital funds. Read More

  • Accel Looks To India For Venture Returns

    Is India finally ready to produce some world-shaking Web companies? It certainly has the raw talent. And increasingly it has the capital. Accel is the latest VC fund to focus on the sub-continent. It absorbed Indian VC firm Erasmic, and is relaunching it as the Accel India Venture Fund. One of Erasmic’s investors is Google. The fund does seed-stage investing inside India, and… Read More