Accel Partners has announced that Brian O’Malley will join the venture capital firm as a partner on its early stage team. O’Malley was formerly a general partner at Battery Ventures, where he led its seed and early stage practices. Other recent hires include the addition of Hilary Mason as Accel’s new data scientist in residence, Kobie Fuller as a principal and several new associates.
In 2013, Accel saw $5 billion in exits among its portfolio companies. Acquisitions include payments gateway Braintree, which was sold to eBay for $800 million; the sale of a 51% by Finnish gaming company SuperCell to Softbank for $1.53 billion, representing a $3 billion valuation; and the acquisition of MoPub by Twitter for a reported $350 million. Foreign exchange and payments provider OzForex had its IPO on the Australian Securities Exchange in October, while enterprise data company Nimble Storage is currently preparing its first public offering.
O’Malley joined Battery Ventures in 2004. His investments in e-commerce, online marketplaces and Internet apps included companies like Bazaarvoice (which went public on Nasdaq in February 2012), Insitu (acquired by Boeing in 2008), HotelTonight, Skullcandy and Viddy. Before joining Battery, O’Malley was director of West Coast technical sales at Bowstreet.