Palo Alto-based Accel Partners has closed its latest two US funds raising a total of $1.35BN.
Through the $475m Accel XI $475m and the $875m Accel Growth Fund II, the firm will continue to pursue its strategy to invest in companies working in areas such as Cloud Services & Next Gen Infrastructure, Social Media & Commerce, Gaming As A Service, Consumerization of Software, and Open Mobile, among others.
In the last 12 months, Accel Partners has invested from $100K to over $60m in several early stage, venture capital and growth equity financings.
Among others, the firm has backed BaubleBar, MoPub, HotelsTonight, Summify, Cardspring, BranchOut, Bonobos, ScaleXtreme, Yardsellr, 99Designs, OzForex, ShowroomPrive, Rovio, Squarespace, Yapstone.
Accel’s investment team today include Andrew Braccia, Jim Breyer, Kevin Efrusy, Sameer Gandhi, Ping Li, Todd MacLean, Arthur Patterson, Theresia Gouw Ranzetta, Jim Swartz, Ryan Sweeney, and Rich Wong.
They have recently been joined by new venture partners and executives-in-residence such as Rob Glaser, founder and former CEO of RealNetworks, Greg Waldorf, former CEO of eHarmony, and Kirk Bowman, former SVP sales at both EqualLogic & VMWare.