Accel London IV Reaches First and Final Close

Accel Partners has announced the first and final close of Accel London IV, a $475 million fund focused on Europe and Israel. The fund will invest in early and growth-stage technology companies including consumer Internet, big data, cloud, SaaS and mobile.

PRESS RELEASE

Accel Partners, the leading global venture capital firm, today announced the first and final close of Accel London IV, a $475 million fund focused on Europe and Israel. The fund was raised with unprecedented speed and demand.

Accel London IV will build on the firm’s success across the region and invest in early and growth-stage technology companies in Accel’s core areas of expertise, including consumer Internet, big data, cloud, SaaS and mobile.

“The fact that Accel London IV was raised in eight weeks and was significantly over-subscribed is a powerful endorsement of Accel London and the market opportunity in Europe and Israel from our world-class investors,” said Kevin Comolli, Partner at Accel London.

Accel London’s team has a strong track record of success, which reflects the depth, breadth and balance of its investment and operating expertise. Accel London’s recent success stories include QlikTech, Playfish and Kayak, representing an aggregate market capitalisation of over $4 billion. Its current portfolio includes some of the largest and fastest-growing private technology companies in Europe, including Alfresco, Angry Birds (Rovio), Avito, CHECK24, ForgeRock, Gameforge, Hailo, Mind Candy, Showroomprive, Spotify, Supercell, Varonis and Wonga.

“Accel’s latest fund is excellent news for the European market. The London team’s deep local knowledge and experience, combined with Accel’s global network of resources and Silicon Valley heritage, make it unique amongst venture firms, offering a distinct advantage to entrepreneurs looking for a partner to help build a category-defining, world-class business,” said Lars Björk, CEO QlikTech. An Accel investment, QlikTech’s listing on NASDAQ resulted in a return of over $400 million to the Accel fund, one of the largest venture returns in Europe.

Harry Nelis, Partner at Accel London, said, “Europe has a strong talent base, including a growing community of repeat entrepreneurs, whose success, experience and ambition continue to fuel our ecosystem. Innovation and entrepreneurship are thriving in Europe and with technology hubs developing across the region, the next billion-dollar company could emerge from anywhere.”

The Accel London investment team includes Kevin Comolli, Sonali De Rycker, Bruce Golden, Harry Nelis, Philippe Botteri and Michiel Kotting.

-End-

About Accel Partners
Founded in 1983, Accel Partners has a long history of partnering with outstanding entrepreneurs and management teams to build world-class businesses. Accel today invests globally using dedicated teams and market-specific strategies for local geographies, with offices in Palo Alto, London, New York City and Bangalore, as well as in China via its partnership with IDG-Accel. Accel has invested in over 500 companies, many of which have defined their categories, including Angry Birds (Rovio), Atlassian, Cloudera, ComScore, Dropbox, Facebook, Groupon, Kayak, Playfish, QlikTech, Spotify, and Wonga.

Contact
Eliza Dabney, Sepia Communications: eliza@sepiacommunications.com, 0792 923 2003
Josephine Salm, Sepia Communications: josephine@sepiacommunications.com, 07776377478

Josephine Salm
Co-founder & Director
M: +44 777 637 7478 | T: +44 203 544 1669

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1 Comment

  • Not surprised the fund was raised swiftly. Accel seems like they’re the most active U.S.-based investor in Europe

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