Accel Partners Raises Over $1 Billion

Zintro_Accel PartnersPalo Alto venture capital firm Accel Partners made headlines from earning $6 billion from its early investment in Facebook. The company is back in the news− this time for raising over $1 billion:  $474 million for a new early stage investment fund and $1 billion for a growth fund. Accel Partners closed the new funds on March 17.

Accel is seeking to invest in software infrastructure, cloud-based services, security, data storage, mobile applications, consumer applications, e-commerce, digital media and social media, partner Sameer Gandhi said in a recent interview. “This is a good fundraising environment because there are good opportunities across multiple areas of technology that are evolving simultaneously. It’s an exciting time to back tech startups,” said Gandhi.

Zintro expert Jack Worthington is Managing Partner of Arundel & Co., a private equity investment banking boutique firm focused on facilitating equity investment on a global basis. He is a consultant to private equity investors, hedge funds, and corporate acquirers globally.  “Clearly Mr. Ghandi is bullish on the tech IPO market within the next 3-5 years,” explains Worthington. “Or his firm needs to increase management fees and now is an optimal time to do it from their perspective.”

Forbes reported, “Famed Accel leader Jim Breyer will spend less time at the Palo Alto, Calif.-based firm, instead focusing his energy on personal investments through his own Breyer Capital.”

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