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,[11][2] India and China (through a partnership with International Data Group (IDG-Accel)).

Accel has funded technology companies including Facebook,[12] Slack,[13] Dropbox,[14] Atlassian,[15] Flipkart,[16] Supercell,[11] Spotify,[11] Etsy,[11] Braintree/Venmo,[11] Vox Media,[11],[11] Qualtrics,[11] DJI,[11] Cloudera,[11][11] and GoFundMe.[27]


In 1983, Accel was founded by Arthur Patterson and Jim Swartz.[5] The co-founders developed the firm's "Prepared Mind" investment philosophy based on the Louis Pasteur quote "Chance favors the prepared mind.",[28] which requires "deep focus[29]" and a disciplined and informed approach to investing.[30]

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.[6]

In 2001, Accel opened its London office as a separate fund, to invest in European technology companies,[32] focusing on Series A and Series B investments.[33] Its European investments include Avito (acquired by Naspers for $1.2 billion),[34] BlaBlaCar,[35] Deliveroo,[36] Spotify and Supercell (acquired by Tencent for $8.6 billion), among others.

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.

In March 2016, Accel raised $2 billion, $500 million for an early stage venture fund and $1.5 billion for growth investments. In April 2016, Accel raised a separate $500 million fund for investments in Europe and Israel. 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.[37][38]


Accel is a venture capital firm that concentrates on the following technology sectors:[39][40]

  • Consumer
  • Infrastructure
  • Media
  • Mobile
  • SaaS
  • Security


Accel works with seed, early and growth-stage investments. Its seed and early stage investments include Cloudera, Dropbox, Dropcam, Facebook, Flipkart, and Slack. The firm’s growth capital investments focus on more developed companies that require a larger amount of capital to expand their business.[41] Examples include Atlassian, DJI and Qualtrics.

Recent exits include:

  • Arista Networks: IPO valuation of $2.7 billion in 2014
  • Atlassian: IPO valuation of $4.4 billion in 2015
  • Avito: acquired by Naspers for $1.2 billion in 2015
  • Braintree: acquired by Paypal for $800 million in 2013
  • Cloudera: IPO valuation of $2.3 billion in 2017
  • Etsy: IPO valuation of $1.78 billion in 2015
  • Facebook: IPO valuation of $104 billion in 2012
  • ForeScout: IPO valuation of $935+ million in 2017
  • Fusion-io: acquired by Sandisk for $1.1 billion in 2014
  • IronPlanet: acquired by Ritchie Bros. for approximately $758.5 million in 2017
  • Jet: acquired by Walmart for $3.3 billion in 2016[12]
  • Krux: acquired by Salesforce for $700 million in 2016[12]
  • acquired by LinkedIn at a $1.5 billion valuation in 2015[12]
  • Legendary Pictures: acquired by Wanda Group for $3.5 billion in 2016[12]
  • Supercell: acquired by Softbank for $5.5 billion in 2015 and acquired by Tencent for $8.6 billion in 2016[12]
  • Trulia: IPO valuation of $448 million[12] and acquired by Zillow for $3.5 billion in 2014[12]


Accel's US fund is headquartered in Palo Alto, California, with offices in San Francisco, California.[12]Accel's European fund is headquartered in London, England and Accel's India fund is headquartered in Bangalore, India.[12] In addition to the U.S., Accel has investments across in France,[12] Germany,[13] Israel,[13] Australia,[13] New Zealand,[13] Brazil,[13] Canada,[13] China,[13] Finland, India, Switzerland[13] and more.