Accel Partners, the global venture capital firm, has announced the closing of two funds, Accel Growth Fund at USD480m and Accel London III at USD525m.
Accel Partners, the global venture capital firm, has announced the closing of two funds, Accel Growth Fund at USD480m and Accel London III at USD525m.
Accel Growth Fund will focus on growth equity opportunities across sectors such as IT, internet, digital media, mobile, networking, software and services.
It will be managed by Andrew Braccia, Jim Breyer, Kevin Efrusy, Sameer Gandhi, Ping Li, Arthur Patterson, Theresia Gouw Ranzetta, Jim Swartz, Peter Wagner and Rich Wong – the same partners from Accel’s most recent early stage partnership Accel X.
Accel London III will continue to invest in early stage and growth companies across Europe and Israel in IT, internet, software, media, mobile and communications.
It is led by partners Kevin Comolli, Sonali De Rycker, Bruce Golden, Harry Nelis, Simon Levene and Kaj-Erik Relander.
Jim Breyer, partner at Accel, says: ‘We are very pleased with the support of our long-time investors in these unique economic times, and this milestone represents a continued validation of Accel’s strategy to back the leading technology and media companies globally, from inception through growth.’
