Accelerator Ventures Raising $25M Fund II


shutterstock_122248p1

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

Connect with your peers at the 9th Annual PartnerConnect West in San Francisco on September 27–28.

Sign up to our Newsletter

Receive updates from our PE HUB Wire and Top Stories of the Week newsletters:

We will not send you spam, and we don't share your email address with 3rd parties.