Twenty five year old venture capital firm Accel Partners is announcing two new funds today that add more than $1 billion to their war chest: Accel Growth Fund at $480 million and Accel London III at $525 million.
The Growth Fund will focus on later stage investments information technology, internet, digital media, mobile, networking, software, and services. The London fund will continue to invest in early and late stage European and Israeli startups.
Accel has over $6 billion under management. The firm’s current and past portfolio includes Baidu, Brightcove, Comscore, Etsy, Facebook, Walmart.com, Zimbra and dozens of other startups. Accel has offices in Palo Alto, London and Bangalore as well as in China via a IDG-Accel Partnership.
If you want some of that new money, start here.
Shows people are still backing up vc firms. If they are strong.
VCs will always exist where the potential for massive profits, even with heavy risks, exists. They may change colors and habits but they are what they are… and many companies would be nowhere without their help.
Jon
http://WoodMarvels.com – Create Unique Memories
“If you want some of that new money, start here.”
Hmmm, and throw away the 401k and no deductible health insurance???
um… no.
Building slowly based off of a growing customer base while keeping your day job is the way to success.
Plus they’re British
backstabbers++
Riiiight. So every VC-backed success story over the last 20 years was a fluke, no?
Love that. Maybe some of the other vcs and startups will realize that a downturn is when the top players emerge. Accel obviously realizes that so good for them.
Peter Epstein
http://www.thewebwar.com
That’s interesting & very very encouraging. Does Accel support a completely Indian co…? …I don’t see any 100% Indian co. supported in their investment portfolio…??
Marvin
http://www.latticepurple.com
stay away from accel india. none of the partners are impressive. it was some fund called erasmic that accel bought to get india presence. thought they will clean up the team and bring some good people who have run good large companies.. none of them look impressive.
All you that just got laid off from yahoo, get to work now!!
ahhh… laid off means no work. The board will be troll heaven for a while.
with investments like Kosmix and Diapers.com i’m sure theres room in there for me. and i dont need to go to some conference at stanford to figure this out.
http://www.acce...vents/index.php
InventionLocator.com – mothers rule
I think it is great to see VCs still getting large pops like this – it just goes to show that there is still a lot of money to made out there….
Now, if I can just get them to give me some of that. I will settle for 1%.
blow me … this is crazy stuff
I am waiting for my share from it if they are listening.
Funding me now
Expect Sequoia to announce something similar
In the downturn, VCs are getting the best funding deals in a long time.
I like the idea of stepping it up, particularly for late stage investments on established businesses.
When the going gets tough the tough gets going.
$196M for Kayak, wow!
“The London fund will continue to invest in early and late stage European and Israeli startups.”
Absent are “ridiculous me too, kid created Web 2.0 apps from Silicon Valley”.
Why did Walmart.com need an investment from Accel? Don’t they have more than enough money on their own? I guess it was involving some kind of strategic partnership…
There’s never always enough money. If investors continue to want to put money into a company, it should be allowed to. The price will be higher though.