Accelerator Ventures Raising $25M Fund II

San Francisco-based early stage investor Accelerator Ventures is seeking $25 million for a planned second fund, according to a securities filing.

The filings lists Alexander Lloyd, Accerator’s founder and managing partner, as the sole general partner.  Prior to founding the firm, Lloyd was a venture partner at Rustic Canyon Partners, where he oversaw development of their seed-stage investment strategy. Also on board at the firm are Ben Smith, a venture partner, and John Paul Milciunas, an entrepreneur-in-residence.

Accelerator has been making investments for about a decade, but did not close its first institutional fund, a $5.75 million Fund I, until 2008. Exits to date include Zappos.com, the online retailer acquired by Amazon; Powerset, a natural language search provider bought by Microsoft; Tapulous, a mobile gaming startup that sold to Disney; and Trovix, a job search site picked up by Monster.

The firm focuses on initial seed rounds for consumer-facing businesses founded by experienced entrepreneurs.  Recent investments include QuickPay,a provider of mobile parking payment technology; isocket, an advertising platform provider; and Roqbot, which offers a social music service for businesses.

Accelerator has not yet closed on capital for the planned $25 million new fund, Accelerator Venture Capital II, according to the filing.

Photo courtesy of Shutterstock

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2 Comments

  • Do VC firms use placement agents?

  • not always, but yes. probitas partners in san francisco is one example. would be interesting to know if today’s entrepreneur-turned investors are using them as much as their predecessors (who were often “traditional” vcs who were spinning out of their firms) did.

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