Accel, formerly known as Accel Partners, is a venture and growth equity firm. Accel funds companies from inception through the growth stage. The company manages over $8.8 billion from its US offices in Palo Alto, California and New York City. It has separate operating funds in London[2] , India[3] and China (through a partnership with International Data Group (IDG-Accel)).[4]

History

In 1983, Accel was founded by Arthur Patterson and Jim Swartz.[5]

In 2000, Accel entered into a joint-venture with Kohlberg Kravis Roberts to form Accel-KKR a technology-focused private equity investment firm focused on control investments of middle-market companies.[6]

In addition to Accel's continued investments in early-stage startups from the Accel X early stage fund, the firm announced a $480 million growth fund in December 2008, focused on growth equity opportunities in information technology, internet, digital media, mobile, networking, software, and services.[7]

In March 2016, Accel raised $2 billion, $500 million for an early stage venture fund and $1.5 billion for a growth investments. [8]