Accel Partners, a global venture capital firm, held the first and final close of a $475m fund focused on Europe and Israel.
Accel London IV will invest in early and growth-stage technology companies in the firm’s areas of expertise, including consumer Internet, big data, cloud, SaaS and mobile.
Founded in 1983, Accel Partners partners with entrepreneurs and management teams to build world-class businesses. The firm, which has offices in Palo Alto, London, New York City and Bangalore, as well as in China via its partnership with IDG-Accel, has invested in over 500 companies, including Angry Birds (Rovio), Atlassian, Cloudera, ComScore, Dropbox, Facebook, Groupon, Kayak, Playfish, QlikTech, Spotify, and Wonga.
The Accel London investment team, which includes Kevin Comolli, Sonali De Rycker, Bruce Golden, Harry Nelis, Philippe Botteri and Michiel Kotting, has invested in QlikTech, Playfish and Kayak. Its current portfolio includes Alfresco, Angry Birds (Rovio), Avito, CHECK24, ForgeRock, Gameforge, Hailo, Mind Candy, Showroomprive, Spotify, Supercell, Varonis and Wonga.