This would be the largest pool of capital for the 35-year-old Silicon Valley-based firm. The money will go toward its 14th early-stage fund, its fifth growth fund and its Leaders Fund for companies in enterprise software. (TechCrunch)
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This would be the largest pool of capital for the 35-year-old Silicon Valley-based firm. The money will go toward its 14th early-stage fund, its fifth growth fund and its Leaders Fund for companies in enterprise software. (TechCrunch)
Talking point: Accel has a strong investment track record; its portfolio has had nine IPOs and 12 acquisitions in the last four years, according to TechCrunch. Riding high off its portfolio company HotelTonight recently selling to Airbnb for a reported US$465-million, its next expected IPO is in Slack, which is worth US$7 billion and expected to go public this year. In Canada, Accel was the lead investor in Lightspeed’s US$30-million Series A in 2012, though the Caisse de dépôt et placement du Québec bought out Accel’s stake in 2017 as Lightspeed sought to stave off acquisition, while still giving Accel a return on investment. Lightspeed went public on the Toronto Stock Exchange last week.
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