Accel

  • The Story Behind Qualtrics, The Next Great Enterprise Company

    The Story Behind Qualtrics, The Next Great Enterprise Company

    Editor’s note: Derek Andersen is the founder of Startup Grind, a 35-city event series hosted in 15-countries that educates, inspires, and connects entrepreneurs. He also founded Commonred and is ex-Electronic Arts. I met Ryan Smith about nine years ago in a college apartment in Provo Utah. We were both attending school, and after asking him what he was working on he replied… Read More

  • After 17 Years, Education Platform Lynda.com Raises Its First Round Of Funding, $103M From Accel & Spectrum

    After 17 Years, Education Platform Lynda.com Raises Its First Round Of Funding, $103M From Accel & Spectrum

    Back in May, we shared the unique story of Lynda.com, the veteran, video-based education platform, and how it was able to generate $70 million in revenue in 2011 without taking a penny from outside investors. Since then, it’s continued chugging along, growing revenue to $100 million in 2012. Founded in 1995 by husband-and-wife team Bruce Heavin and Lynda Weinman, in the Facebook and… Read More

  • Accel Partner Adam Valkin Jumps Across The Pond To General Catalyst

    Accel Partner Adam Valkin Jumps Across The Pond To General Catalyst

    Accel investment partner Adam Valkin is joining General Catalyst Partners, as a General Partner in its Boston office. Valkin will focus on sourcing early stage investments and working with existing companies in General Catalyst’s portfolio. Read More

  • Plex Systems Lands $30M From Accel To Help Global Manufacturing Transition To The Cloud

    Plex Systems Lands $30M From Accel To Help Global Manufacturing Transition To The Cloud

    Over the last few years, the enterprise has been been quick to adopt cloud computing, but by and large, the cloud has found the most penetration in areas of the enterprise that aren’t mission critical. Yet, as Forbes wrote today, this has begun to change of late as companies that are handicapped by decades-old, legacy enterprise resource planning (ERP) system increasingly move from… Read More

  • Russian Classified Giant’s $75M From Accel Shows It’s 1999 In Emerging Economies

    Russian Classified Giant’s $75M From Accel Shows It’s 1999 In Emerging Economies

    Avito.ru, the biggest online classified ads site in Russia, has secured a fresh $75 million round of funding from Accel Partners’ London office. Founded in 2008, Avito has so far landed $101 million from Accel, Baring Vostok Private Equity, Kinnevik, and Northzone. The capital will be used for expansion and hiring. Russia’s classifieds ads business has plenty of room for growth… Read More

  • Shape Security: Kleiner Perkins & Eric Schmidt Lead $6M Round In Stealth Security Startup

    Shape Security: Kleiner Perkins & Eric Schmidt Lead $6M Round In Stealth Security Startup

    Big corporations have been riddled by security attacks over the past year, and hackers seem to be growing even bolder and more resolute. As a result, market research firm The Radicati Group said that it expects the corporate web security market to grow to $2.5 billion over the next four years. It’s in this climate that a young, stealth startup is trying to put companies back on the… Read More

  • Capital Access Network Raises $30M From Accel To Loan Small Businesses Working Capital

    Capital Access Network Raises $30M From Accel To Loan Small Businesses Working Capital

    In this economic climate, many small businesses do not qualify for loans based on the standards imposed by banks and financial institutions. For fledgling businesses, the establishment doesn’t have enough cash flow, revenue or credit to qualify for a loan. Many times, entrepreneurs have to put up personal assets as collateral for loans, which can be problematic and risky. The fact is… Read More

  • Philippe Botteri leaves Silicon Valley Bessemer for Accel in London

    < There’s been quite a lot of talk recently about the state of the European venture capital industry. European VCs somehow often get labeled as timid, risk averse…or even bad. Atlas Venture’s Fred Destin nicely outlined his view and hinted at the need for a bit of “revolution” – and the fact that some of the European VCs simply do not have the same DNA as the entrepreneur-turned-investor crowd in the US. That being said, Europe is not void of American-style investors – like the European branch of Accel Partners. While the Accel team in London is very international, it is one of the local teams with a stronger American presence. But oddly enough, the team has now added a French hire to the team: Philippe Botteri, who was previously the Vice President of Bessemer Venture Partners in Silicon Valley has joined the London office as a Principal. Read More

  • Although Many Investors Are Spinning, Turntable.fm Has Not Yet Picked A DJ

    Although Many Investors Are Spinning, Turntable.fm Has Not Yet Picked A DJ

    Although many investors are spinning for the chance to invest in Turntable.fm, the hot music startup has not yet picked a dance partner, despite reports to the contrary. Business Insider claims that Turntable has raised $7.5 million at a $37.5 million valuation and “that term sheets were indeed signed yesterday.” But reached a few hours ago as he was boarding a plane, co-founder… Read More

  • Accel, Khosla, and Andreessen Horowitz Pour Another $30 Million Into Social Browser RockMelt

    Accel, Khosla, and Andreessen Horowitz Pour Another $30 Million Into Social Browser RockMelt

    Is there a future for social browser startup RockMelt? Despite attracting only a few hundred thousand active users since its much-hyped launch, the company filled with ex-Netscape rockstars and backed by former Netscape founder Marc Andreessen just managed to raise another $30 million in a B round led by Accel Partners and Khosla Ventures, with Andreessen Horowitz, Ron Conway, Bill Campbell… Read More