James R Swartz Ipo

James r swartz ipo

Accel, formerly known as Accel Partners, is an American venture capital firm. Accel works with startups in seed, early and growth-stage investments.

The company has offices in Palo Alto, California and San Francisco, California, with additional operating funds in London,[1][2]India[3] and China (through a partnership with International Data Group (IDG-Accel)).[4]

Accel has funded technology companies including Facebook,[5]Slack,[6]Dropbox,[7]Atlassian,[8]Flipkart,[9]Supercell,[10]Spotify,[11]Etsy,[12]Braintree/Venmo,[13]Vox Media,[14]Lynda.com,[15]Qualtrics,[16]DJI,[17]Cloudera,[18]Jet.com,[19] Ethos[20], GoFundMe,[21]Vectra Networks Inc.[22]FabHotels, BrowserStack[23], Instana[24] and Egyptian Instabug[25].

History[edit]

In 1983, Accel was founded by Arthur Patterson and Jim Swartz.[26] The co-founders developed the firm's "Prepared Mind" investment philosophy based on the Louis Pasteur quote "Chance favors the prepared mind.",[27] which requires "deep focus[28]" and a disciplined and informed approach to investing.[29]

In 2000, Accel entered a joint-venture with Kohlberg Kravis Roberts to form Accel-KKR a technology-focused private equity investment firm focused on control investments in middle-market companies.[30]

In 2001, Accel opened its London office as a separate fund, to invest in European technology companies,[31] focusing on Series A and Series B investments.[32] Its European investments include Avito (acquired by Naspers for $1.2 billion),[33]BlaBlaCar,[34]Deliveroo,[35]Spotify and Supercell (acquired by Tencent for $8.6 billion), among others.

James r swartz ipo

In addition to Accel's continued investments in early-stage startups from the Accel early stage fund, the firm announced a $480 million growth fund in December 2008, focused on growth equity opportunities in information technology, the internet, digital media, mobile, networking, software, and services.[36]

In March 2016, Accel raised $2 billion, $500 million for an early stage venture fund and $1.5 billion for growth investments.[37] In April 2016, Accel raised a separate $500 million fund for investments in Europe and Israel.[38] In November 2016, Accel's India arm closed its fifth fund with $450 million, about two years after closing its fourth fund with $325 million.[39][40]

Portfolio[edit]

Accel is a venture capital firm that concentrates on the following technology sectors:[41][42]

  • Consumer
  • Infrastructure
  • Media
  • Mobile
  • SaaS
  • Security
  • Customer care services

Investments[edit]

Accel works with seed, early and growth-stage investments.[43] Its seed and early stage investments include Cloudera, Dropbox, Dropcam, Facebook, Flipkart, Jet.com, Podium and Slack.

The firm’s growth capital investments focus on more developed companies that require a larger amount of capital to expand their business.[44] Examples include Atlassian, DJI and Qualtrics.

In May 2019 Accel closed $575 million investment round, which led to financing Series A of European and Israel startups.

The round was the largest in the region and the total amount of funds managed by Accel reached $3 billion.[45]

Recent exits include:

Geographies[edit]

Accel's US fund is headquartered in Palo Alto, California, with offices in San Francisco, California.[66] Accel's European fund is headquartered in London, England and Accel's India fund is headquartered in Bangalore , India.[67] In addition to the U.S., Accel has investments across in France,[68] Germany,[69] Israel,[70] Australia,[71] New Zealand,[72] Brazil,[73] Canada,[74] China,[75] Finland, India, Switzerland[76] and more.

References[edit]

  1. ^"Accel raises $500 million fund to double down on Series A and B rounds in Europe and Israel - Tech.eu". Retrieved 2016-09-12.
  2. ^"Private Equity Week Wire for Tuesday 6/12 - PE HUB". PE HUB. Retrieved 2016-03-04.
  3. ^Russell, Jon.

    "Accel Announces New $305 Million Investment Fund For India". TechCrunch. Retrieved 2016-03-04.

  4. ^Mac, Ryan (March 19, 2014).

    Thank you to our program sponsors.

    "Accel Partners Raises New Funds Totaling Over $1 Billion As Facebook Investor Jim Breyer Reduces Role". Forbes.

  5. ^Levy, Ari.

    Best set up options for a alienware 240hz monitor

    "Accel Facebook Bet Poised to Become Biggest Venture Profit: Tech". Bloomberg.com. Retrieved 2016-08-15.

  6. ^Loizos, Connie.

    "Andrew Braccia's Big Bet on Slack". TechCrunch. Retrieved 2016-08-15.

  7. ^"Dropbox - Dropbox Raises $250 Million in Series B Funding".

    Dropbox. Archived from the original on 2016-08-15. Retrieved 2016-08-15.

  8. ^Tam, Pui-Wing. "Accel Invests $60 Million in Atlassian". Retrieved 2016-08-15.
  9. ^"Flipkart raises $150m from Accel partners and Tiger Global at $850 million valuation". 2012-01-31. Retrieved 2016-08-15.
  10. ^"Supercell is Accel's fastest growing company ever.

    (And it has a ball pit)". Pando. 2012-11-28. Retrieved 2016-08-15.

  11. ^"SPOTIFY: Now It's A $1 Billion Company". Retrieved 2016-08-15.
  12. ^Schonfeld, Erick. "Etsy Raises $27 Million; Accel's Jim Breyer Joins Board". TechCrunch. Retrieved 2016-08-15.
  13. ^"Mobile Payments Startup Venmo Acquired by Braintree".

    2012-08-16. Retrieved 2016-08-15.

  14. ^Eldon, Eric. "Why Accel Is Leading A $40M Round In Vox Media, A Digital Content Company (!)". TechCrunch.

    Carnegie Mellon Receives $31 Million Gift for New Swartz Center for Entrepreneurship

    Retrieved 2016-08-15.

  15. ^Empson, Rip. "After 17 Years, Education Platform Lynda.com Raises Its First Round Of Funding, $103M From Accel & Spectrum". TechCrunch. Retrieved 2016-08-15.
  16. ^Ha, Anthony. "Qualtrics Raises $70M From Accel And Sequoia: "The Biggest Software Company You Haven't Heard Of"?".

    DocuSign, Ceridian, Smartsheet, nLight: Biggest Tech IPO Week in Years

    TechCrunch. Retrieved 2016-08-15.

  17. ^Reuters (2015-05-06). "Chinese Drone Maker DJI Gets $75 Million From Accel Partners".

    Recode. Retrieved 2016-08-15.

  18. ^Wauters, Robin. "Cloudera Raises $5 Million Series A Round For Hadoop Commercialization". TechCrunch. Retrieved 2016-08-15.
  19. ^"The Man Who Knows Amazon's Brutal Tactics Better Than Anyone Just Sealed $80 Million In Funding For His New Company".

    Retrieved 2016-08-15.

  20. ^Browne, Ryan (2018-10-30). "Google, Accel and Jay Z invest in life insurance start-up Ethos, valuing it at more than $100 million".

    CNBC.

    Sutro Biopharma Inc.

    Retrieved 2019-08-14.

  21. ^"GoFundMe Gets Undisclosed Funding Led by Accel Partners, TCV | Xconomy".

    2015-06-24. Retrieved 2016-08-15.

  22. ^"Vectra raises $36 million for its AI cybersecurity technology". 2018-02-21. Retrieved 2018-04-16.
  23. ^"BrowserStack hauls in $50 million Series A from Accel".

    TechCrunch. Retrieved 2018-07-11.

  24. ^"Instana Secures $30 Million Series C Investment Led By Meritech To Extend Automated Monitoring". Instana. Retrieved 2019-04-29.
  25. ^"YC's Instabug raises $1.7M Seed round led by Accel to grow beyond bugs". Techcrunch. Retrieved 2019-06-20.
  26. ^"Accel Team Jim Swartz".
  27. ^"A Venture Capitalist View of the Top 5 Entrepreneurial Energy Opportunities".

    Retrieved 2016-09-19.

  28. ^"Accel Partners, Venture Capital Fund: Andrew Braccia, Investments".

    www.fundingpost.com. Retrieved 2016-09-19.

  29. ^"Accel Boosts Team - PE Hub". 2013-07-24. Retrieved 2016-09-19.
  30. ^"History of Kohlberg, Kravis, Robert & Co".
  31. ^Kapner, Suzanne (2001-05-30).

    "U.S. Venture Capital Sees Treasure in Europe". The New York Times. ISSN 0362-4331. Retrieved 2016-08-23.

  32. ^Dillet, Romain.

    James r swartz ipo

    "Venture firm Accel just raised a new $500 million European fund". TechCrunch. Retrieved 2016-08-23.

  33. ^"Naspers acquires Russia's Avito in $1.2 billion transaction".

    Retrieved 2016-08-23.

  34. ^Rao, Leena. "Accel Leads $10M Round In European Airbnb For Car Ride-Sharing, BlablaCar".

    Accel (venture capital firm)

    TechCrunch. Retrieved 2016-08-23.

  35. ^"Deliveroo grabs $25M to bring its premium meal delivery service to more cities".

    VentureBeat. Retrieved 2016-08-23.

  36. ^"Accel closes two funds totaling more than $1B".
  37. ^https://www.nytimes.com/2016/03/16/business/dealbook/accel-raises-2-billion-to-invest-in-start-ups.html?_r=0
  38. ^Dillet, Romain.

    "Venture firm Accel just raised a new $500 million European fund". TechCrunch. Retrieved 2016-08-11.

  39. ^Loizos, Connie. "Accel India closes its newest fund with $450 million — and in record time". TechCrunch. Retrieved 2016-12-03.
  40. ^"Accel Closes India Venture Fund". Fortune. Retrieved 2017-01-26.
  41. ^"Accel".

    www.accel.com. Retrieved 2016-08-12.

  42. ^"Accel Partners Teardown". 2016-02-05. Retrieved 2016-08-12.
  43. ^"Accel Partners Teardown". 2016-02-05.

    Navigation menu

    Retrieved 2016-08-19.

  44. ^Loizos, Connie. "Venture firm Accel Partners just raised $2B from its investors". TechCrunch.

    Retrieved 2016-08-19.

  45. ^"Accel closes $575M fund to double down on European and Israeli Series A deals". TechCrunch.

    The Bliss of the Self, Berlin April 2019, James Swartz Advaita Vedanta

    Retrieved 2019-05-16.

  46. ^"Arista Networks IPO values company at about $2.75 billion". Retrieved 2014-06-05.
  47. ^"The Strategist".

    www.thestrategist.media. Retrieved 2016-08-18.

  48. ^ChrisSpillane, Ilya Khrennikov Christopher Spillane. "Naspers Takes Control of Russia's Avito in $1.2 Billion Purchase". Bloomberg.com.

    James R. Swartz, Sc.D.

    Retrieved 2016-09-06.

  49. ^Rao, Leena; Perez, Sarah; Lunden, Ingrid. "EBay's PayPal Acquires Payments Gateway Braintree For $800M In Cash". TechCrunch. Retrieved 2016-09-06.
  50. ^Kendall, Marisa.

    James r swartz ipo

    "Cloudera, Silicon Valley's latest IPO, pops in first day trading". Mercury News. Retrieved 2017-04-28.

  51. ^"Argentine travel firm Despegar stock jumps on U.S. IPO". Reuters. 2017-09-20. Retrieved 2017-09-20.
  52. ^"Etsy prices its IPO at $16 per share, making it worth $1.78 billion". Retrieved 2016-08-18.
  53. ^Raice, Shayndi; Das, Anupreeta; Letzing, John (2012-05-18).

    "Facebook Prices IPO at Record Value". Wall Street Journal. ISSN 0099-9660. Retrieved 2016-08-18.

  54. ^Barinka, Alex. "Accel-Backed ForeScout Climbs After Raising $116 Million in IPO". Bloomberg. Retrieved 2017-10-27.
  55. ^Cao, Jing; King, Ian.

    "SanDisk to Buy Fusion-io for $1.1 Billion". Bloomberg.com. Retrieved 2016-09-06.

  56. ^"Ritchie Bros. Completes Its Acquisition of IronPlanet". Retrieved 2017-05-31.
  57. ^Selina_y_wang, Shannon Pettypiece spettypi Selina Wang. "Wal-Mart to Acquire Jet.com for $3.3 Billion to Fight Amazon".

    Bloomberg.com. Retrieved 2016-08-18.

  58. ^"Salesforce Buys Krux, the Data-Management Platform, for $700 Million".

    Retrieved 2016-10-03.

  59. ^"LinkedIn Enters Ed Tech with Lynda.com Acquisition – Its Largest Acquisition Ever".

    Forex trading success subliminal

    2015-04-09. Retrieved 2016-08-18.

  60. ^"It's Official: China's Wanda Acquires Legendary Entertainment for $3.5 Billion". Retrieved 2016-08-18.
  61. ^Forsell, Thomas (2017-09-28). "Angry Birds maker Rovio valued at $1 billion in IPO". Reuters. Retrieved 2017-09-28.
  62. ^Osawa, Juro; Needleman, Sarah E.

    (2016-06-21). "Tencent Seals Deal to Buy 'Clash of Clans' Developer Supercell for $8.6 Billion". Wall Street Journal. ISSN 0099-9660. Retrieved 2016-08-18.

  63. ^"'A sigh of relief' for Silicon Valley as consumer-Web stock Trulia soars in IPO".

    Ronald Levy, M.D.

    Retrieved 2016-09-06.

  64. ^Christie, Les (2014-07-28). "Zillow buys Trulia for $3.5 billion". CNNMoney. Retrieved 2016-09-06.
  65. ^"Tiger Global and Accel lead facility management startup Facilio's $6.4M Series A".

    TechCrunch.

    Schedule of Events - Summer 2019

    Retrieved 2018-12-05.

  66. ^"Accel". www.accel.com. Retrieved 2016-09-15.
  67. ^"Accel". www.accel.com. Retrieved 2016-09-15.
  68. ^"Boosting the French Ecosystem, by Philippe Botteri (Accel Partners) - Bonjour la French Tech". 2015-10-15. Retrieved 2016-09-15.
  69. ^"Accel Partners is coming to town and here is how you meet them". 2014-07-09.

    Donation Will Support Entrepreneurship Across All Disciplines

    Retrieved 2016-09-15.

  70. ^"Accel Partners hires Facebook exec to focus funds on Israel". Geektime. 2016-06-08. Retrieved 2016-09-15.
  71. ^"Inside Accel Partners' $US200m search for Australia's next tech titan".

    2014-10-07.

    James r swartz ipo

    Retrieved 2016-09-15.

  72. ^Ryall, Jenni. "New Zealand startup Xero scores $147 million from Silicon Valley investor". Mashable. Retrieved 2016-09-15.
  73. ^Shieber, Jonathan. "Accel Renews Commitment To Brazilian Startups With $10M EduK Investment". TechCrunch. Retrieved 2016-09-15.
  74. ^"As Canadian startups grow, local venture capital funding dries up".

    Retrieved 2016-09-15.

  75. ^Barboza, David. "Accel's Breyer to Partner With Venture Capital Firm in China".

    Retrieved 2016-09-15.

  76. ^"100 Tech Investors Active in the Nordics - Standout Capital". 2014-04-02. Retrieved 2016-09-15.

External links[edit]