Accel

Reviewed Updated Jun 3, 2026

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Location Palo Alto, CA
Founded 1983
Fund Size $9.6B current fund size; $19.56B total raised across all funds; $4B growth fund (2022); $650M India/SEA fund (2025); $650M Europe/Israel fund (2024)
Website https://www.accel.com
Stage Focus
seed series-a series-b growth
Sector Focus
ai enterprise consumer fintech cybersecurity infrastructure developer-tools

Team

Andrew Braccia Partner (Early Stage/Late Stage)
Sameer Gandhi Partner (Early Stage/Late Stage)
Ping Li Partner (Early Stage/Late Stage)
Rich Wong Partner (Early Stage/Late Stage)
Ryan Sweeney Partner (Early Stage/Late Stage)
Steve Loughlin Partner (Early Stage)
Amit Kumar Partner (Early Stage)
Vas Natarajan Partner (Early Stage)
Eric Wolford Partner (Early Stage)
Casey Aylward Partner (Early Stage)
Sara Ittelson Partner (Early Stage)
Nafis Jamal Partner (Early Stage)
Daniel Levine Partner (Early Stage)
Kerry Wang Partner (Early Stage)
Ivan Zhou Partner (Early Stage)
Gonzalo Mocorrea Partner (Early Stage/Late Stage)
Miles Clements Partner (Late Stage)
Christine Esserman Partner (Late Stage)
Myrel Iturrey Partner (Late Stage)
Arun Mathew Partner (Late Stage)
Nate Niparko Partner (Late Stage)
Ben Quazzo Partner (Late Stage)
Jonathan Turner Partner (Late Stage)
Matt Weigand Partner (Late Stage)
John Locke Partner (Late Stage)
Sonali De Rycker Partner (London)
Philippe Botteri Partner (London)
Luca Bocchio Partner (London)
Harry Nelis Partner (London)
Andrei Brasoveanu Partner (London)
Matt Robinson Partner (London)
Shekhar Kirani Partner (Bangalore)
Subrata Mitra Partner (Bangalore)
Prashanth Prakash Partner (Bangalore)
Anand Daniel Partner (Bangalore)
Prayank Swaroop Partner (Bangalore)
Barath Shankar Subramanian Partner (Bangalore)
Arthur Patterson Co-Founder
Jim Swartz Co-Founder
Rob Glaser Venture Partner

About

Accel is a global venture capital firm founded in 1983 by Arthur Patterson and Jim Swartz 12. Patterson previously served as General Partner at Adler & Company after beginning his career at Citicorp Venture Capital; Swartz was the founding general partner of Adler & Company, which he started with Fred Adler in 1978 2.

The firm is headquartered in Palo Alto, California, with additional offices in San Francisco, London, Bangalore, and New York 3. Accel describes itself as a “first partner to exceptional teams everywhere” 4.

Accel has invested in over 1,190 companies, generating 104 unicorns, 47 IPOs, and 382 acquisitions 5. The firm has raised approximately $19.56 billion across all funds 5. Its most celebrated investment was a $12.7 million investment in Facebook in May 2005 for 10% of the company — before the company had revenue — which was worth $6.6 billion at the time of Facebook’s IPO in 2012 16.

Recent fund activity includes a $4 billion growth fund closed in 2022 (the firm’s largest single fundraise), a $650 million fund for Europe and Israel focused on AI and cybersecurity (May 2024), and a $650 million fund for India and Southeast Asia (January 2025) 78. As of December 2025, Accel was targeting $4 billion for its latest growth fund 8. The firm’s current fund size is reported at $9.6 billion 9.

In Q2 2025, Accel and General Catalyst were ranked as the busiest active investors in venture capital 9.

Stated Thesis

Accel’s founders developed a “prepared mind” investment philosophy, based on the Louis Pasteur quote “chance favors the prepared mind” 210. This approach requires the team to develop deep expertise in specific categories and industries before investing, being proactive rather than reactive 10.

The firm publicly positions itself as a “first partner to exceptional teams everywhere” and invests from seed through growth stages 4. Accel’s focus areas span AI, enterprise software, consumer technology, fintech, cybersecurity, and infrastructure 59.

Accel has published research on AI trends through its annual “Globalscape” report, which in 2025 documented the “race for compute” amid surging valuations in AI 11.

Inferred Thesis

Based on Accel’s verified portfolio of 1,190+ investments 5, the following patterns emerge:

Sector distribution: Accel’s recent investment activity is heavily weighted toward AI. In 2025, the firm led five rounds of $100 million or more in Q2 alone, including a $500 million financing for Perplexity and a $260 million Series C for True Anomaly 9. Major AI portfolio companies include Anysphere (Cursor), Perplexity, Lovable, n8n, Synthesia, and Cyera 9. Beyond AI, Accel maintains significant positions in enterprise SaaS (CrowdStrike, Qualtrics), consumer (Spotify, Etsy), and fintech (Venmo/Braintree).

Stage distribution: Accel operates separate early-stage and late-stage (growth) investment teams across all offices 3. The firm invests from seed through growth, with the $4 billion growth fund representing its largest vehicle 8.

Geographic distribution: Accel has a genuinely global investment model with dedicated teams in the Bay Area, London, and Bangalore 3. The 2024 Europe/Israel fund and 2025 India/SEA fund demonstrate continued geographic expansion 78.

Scale of returns: Accel’s investment in Scale AI yielded an expected $2.5 billion windfall following Meta’s $14.3 billion investment at a $29 billion valuation 12. The Lovable Series A (AI-powered software builder in Stockholm) was among the largest Series A rounds ever raised in Europe 9.

Co-investor patterns: Accel frequently co-invests with top-tier firms including Index Ventures, Sequoia, and Andreessen Horowitz.

Portfolio

Company Stage Year Sector Source
Facebook (Meta) Series A 2005 Consumer/Social 620
Slack Seed 2009 Enterprise 617
Dropbox Series A 2008 Cloud/Consumer 61819
Spotify Series D 2011 Consumer/Music 62122
Atlassian Growth ($60M) 2010 Enterprise 62324
Flipkart Seed ($800K) 2008 E-commerce 62526
CrowdStrike Series B ($30M, led) 2013 Cybersecurity 62728
Qualtrics Series A ($70M, co-led with Sequoia) 2012 Enterprise 62930
Etsy Series D ($27M, led) 2008 E-commerce 63132
Braintree Series A ($34M, led) 2011 Fintech 3334
Supercell Series A ($12M, led) 2011 Gaming 3536
Scale AI Early 2017 AI/Data 12
Perplexity Series D (led) 2025-05-14 AI 955
Anysphere (Cursor) Series C ($900M, participated) 2025-06-05 AI/Developer Tools 95657
Anysphere (Cursor) Series D ($2.3B, co-led with Coatue) 2025-11-13 AI/Developer Tools 5859
Lovable Series A ($200M, led, $1.8B valuation) 2025-07-17 AI / App Builder 9383940
True Anomaly Series D ($650M) 2026-04-28 Space/Defense 944
True Anomaly Series C (led, $260M) 2025-04-30 Space/Defense 960
Anthropic Series G (participated) 2026-02-12 AI 984
Nebius Group Strategic Equity ($700M, oversubscribed) 2024-12-02 AI Infrastructure 98081
n8n Series C ($180M, led) 2025-10-09 AI/Automation 96061
Synthesia Series C ($90M, led, $1B valuation) 2023-06-13 AI/Video 626364
Synthesia Series E ($200M, participated) 2026-01-26 AI/Video 6566
Cyera Series B (led, $100M at $500M post-money) 2023-06-27 AI/Cybersecurity 9676869
DJI Early 2013 Hardware/Drones 6
Cloudera Series A 2008 Data/Enterprise 6
Vox Media Early 2011 Media 6
MoPub Early 2010 Advertising 6

| Oasis Security | Series A Extension ($35M) | 2024-05-01 | Cybersecurity/Identity | 148283 | | Dash0 | Seed ($9.5M, led); Series A ($35M, co-led with Cherry Ventures); Series B ($110M, Balderton-led, participated) | 2024-11-04; 2025-10-02; 2026-03-23 | Observability/AI | 159192 | | Legora | Series D (led, $550M, $5.55B post) | 2026-03-10 | AI/Legal Tech | 16 | | Oolka | Series A (led, ₹130 Cr, ₹730 Cr post-money valuation) | 2026-04-30 | Fintech/AI/India | 37484950 | | Sahi | Series A (led), Series B (led, $33M) | 2025, 2026-04-29 | Fintech/Broking/India | 414243 | | OpenFX | Series A ($94M, co-led) | 2026-03-31 | Fintech/Stablecoin/FX | 454647 | | RadixArk | Seed (led, $100M, $400M post-money) | 2026-05-05 | AI Infrastructure | 515253 | | Nova Intelligence | Series A (participated) | 2026-05-05 | AI / Enterprise / SAP Modernization | 54 | | Rapido | Growth Primary ($240M, participated; led by Prosus) | 2026-05-15 | Mobility / Ride-hailing / India | 7071 | | Forus | Growth ($160M, participated; Thrive Capital led at $1B val) | 2026-05-12 | Healthcare / AI / Pharmacy | 72 | | Sprouts.ai | Pre-Series A (co-led with True Global Ventures, $9M) | 2026-05-15 | AI / Sales / B2B Revenue Agents | 7374 | | Viktor | Series A (led, €64.7M) | 2026-05-20 | AI / Enterprise / Workplace | 7576 | | Primer | Series A (led, £14M); Series C participated ($100M, Sofina-led) | 2020-11-29; 2026-05-20 | Fintech / Payments Infrastructure | 7778 | | Perceptic | Seed (led, $12M) | 2026-05-26 | AI / Robotics | 79 | | Cyera | Series G ($300M, participated; Evolution Equity Partners led at $12B post-money) | 2026-06-02 | Cybersecurity / Data Security | 858687 | | FirstClub | Series B ($55M, participated; Peak XV and Sofina co-led at $255M val) | 2026-06-03 | E-commerce / Quick Commerce / India | 888990 |

This table represents a subset of Accel’s 1,190+ total investments 5.

In Their Own Words

Accel’s founders developed the firm’s “prepared mind” investment philosophy based on the Louis Pasteur quote “chance favors the prepared mind,” which they describe as requiring “deep focus” and a disciplined approach to investing 210.

Accel has stated that Prepared Minds involve “the team honing in on specific categories and industries, being proactive, talking to their network, researching trends shaping tomorrow’s world, finding the category leader, and then moving fast” 10.

What Founders Say

A founder described Accel partners as “some of the best minds in the ecosystem, and just great people to have along in your journey” 13.

Accel partner Dinesh Katiyar was described by a founder as “a great listener” who “will always allow the entrepreneur to complete his pitch and give his feedback or ask questions after” and is “probably the investor who is liked by all the founders in his portfolio” 13.

Partner Barath Shankar Subramanian was noted by a founder as someone “who backs the founder once he has committed even in the toughest times” 13.

One founder concluded: “if you are lucky to get Accel as an investor, go for it” 13.

Sources

  1. Wikipedia, “Accel (company),” accessed March 2026. https://en.wikipedia.org/wiki/Accel_(company) ↩↩

  2. The Twenty Minute VC, “Accel Founders Arthur Patterson and Jim Swartz,” accessed March 2026. https://www.thetwentyminutevc.com/jim-swartz-arthur-patterson↩↩↩↩

  3. Accel, “Contact Us,” accessed March 2026. https://www.accel.com/contact-us↩↩↩

  4. Accel website, homepage, accessed March 2026. https://www.accel.com/↩↩

  5. Tracxn, “Accel - 2026 Investor Profile, Portfolio, Team & Investment Trends,” accessed March 2026. https://tracxn.com/d/venture-capital/accel/__DOx04ZeK_m5ARGAaVgjbEzz_Ub3J4QM_vNkOmkQOi9↩↩↩↩↩

  6. Employbl, “Accel Portfolio Companies,” accessed March 2026. https://www.employbl.com/company-collections/accel↩↩↩↩↩↩↩↩↩↩↩↩↩↩

  7. Private Equity International, “VC pioneer Accel seeks at least $4bn for latest growth fund,” accessed March 2026. https://www.privateequityinternational.com/vc-pioneer-accel-seeks-at-least-4bn-for-latest-growth-fund/↩↩

  8. Venture Capital Journal, “Accel aims for $4bn with latest growth fund,” accessed March 2026. https://www.venturecapitaljournal.com/accel-aims-for-4bn-with-latest-growth-fund/↩↩↩↩

  9. Crunchbase News, “Accel, General Catalyst Topped Increasingly Busy Active Investor Ranks In Q2,” accessed March 2026. https://news.crunchbase.com/venture/busiest-investors-q2-2025-accel-general-catalyst/↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩

  10. Accel, “Investing Outside Silicon Valley, Prepared Minds and How to Build Strong Boards,” accessed March 2026. https://www.accel.com/noteworthies/investing-outside-silicon-valley-prepared-minds-and-how-to-build-strong-boards↩↩↩↩

  11. Tech.eu, “Accel’s 2025 Globalscape report: AI models and apps fuel record funding,” accessed March 2026. https://tech.eu/2025/11/12/accels-2025-globalscape-report-ai-models-and-apps-fuel-record-funding/↩

  12. Bloomberg, “Scale AI Backer Accel Set for $2.5 Billion Windfall on Meta Deal,” accessed March 2026. https://www.bloomberg.com/news/articles/2025-06-13/scale-ai-backer-accel-set-for-2-5-billion-windfall-on-meta-deal↩↩

  13. Medium, “Why Accel remains the best fund for founders in India,” by Avinash Raghava, accessed March 2026. https://avinashraghava.medium.com/why-accel-remains-the-best-fund-for-founders-in-india-2b98d5bab9fa↩↩↩↩

  14. “Partnering with Oasis Security: The Stars Align.” Sequoia Capital, accessed March 2026. https://sequoiacap.com/article/partnering-with-oasis-security-the-stars-align/↩

  15. “Dash0 Raises $110M Series B at $1B Valuation.” Dash0 blog, March 23, 2026. https://www.dash0.com/blog/dash0-raises-usd110m-series-b↩

  16. TechCrunch, “Legora raises $550M Series D led by Accel at $5.55B valuation,” March 10, 2026. https://techcrunch.com/2026/03/10/legora-series-d↩

  17. Accel portfolio page for Slack, “Initial Investment: Seed in 2009,” accessed March 2026. https://www.accel.com/relationships/slack↩

  18. Accel portfolio page for Dropbox, “Initial Investment: Series A in 2008” (partner: Sameer Gandhi), accessed March 2026. https://www.accel.com/relationships/dropbox↩

  19. Y Combinator blog, “Dropbox (S07) Raised $6 Million Sequoia-Led Series A In October 2008,” accessed March 2026. https://www.ycombinator.com/blog/dropbox-s07-raised-6-million-sequoia-led-seri↩

  20. TechCrunch, “Famed VC Jim Breyer on finding the next Mark Zuckerberg,” November 8, 2017. Confirms Accel’s $12.7M Series A in Facebook at $98M valuation in 2005, led by Jim Breyer. https://techcrunch.com/2017/11/08/famed-vc-jim-breyer-on-finding-the-next-mark-zuckerberg-and-much-more/↩

  21. Accel portfolio page for Spotify, “Initial Investment in 2011” (partners: Sameer Gandhi, Sonali De Rycker), accessed March 2026. https://www.accel.com/relationships/spotify↩

  22. AllThingsD, “Spotify Raises $100 Million from DST, Kleiner Perkins, Accel,” June 17, 2011. Confirms ~$100M round at ~$1B valuation. https://allthingsd.com/20110617/spotify-gearing-up-for-u-s-launch-closes-its-1-billion-round/↩

  23. Atlassian blog, “Atlassian Closes $60 Million Investment from Accel Partners,” July 14, 2010. Rich Wong joined board. https://www.atlassian.com/blog/news/2010/07/atlassian_closes_60_million_investment_from_accel_partners↩

  24. TechCrunch, “Product Management Software Company Atlassian Takes A Huge, $60 Million First Round Of Funding From Accel,” July 14, 2010. https://techcrunch.com/2010/07/14/atlassian-accel-60-million/↩

  25. Accel portfolio page for Flipkart, “Initial Investment: Seed in 2008” (partners: Subrata Mitra, Sameer Gandhi), accessed March 2026. https://www.accel.com/relationships/flipkart↩

  26. Accel blog, “Flipkart: From an Accel-led $800K seed in 2008 to $4B+ in cash in 2017,” accessed March 2026. https://www.accel.com/noteworthies/flipkart-from-an-accel-led-800k-seed-in-2008-to-4b-in-cash-in-2017↩

  27. PR Newswire, “CrowdStrike Closes $30 Million In Series B Financing, Led By Accel Partners,” September 9, 2013. Sameer Gandhi joined board. https://www.prnewswire.com/news-releases/crowdstrike-closes-30-million-in-series-b-financing-led-by-accel-partners-222947391.html↩

  28. Accel portfolio page for CrowdStrike, “Initial Investment in 2013” (partner: Sameer Gandhi), accessed March 2026. https://www.accel.com/relationships/crowdstrike↩

  29. TechCrunch, “Qualtrics Raises $70M From Accel And Sequoia,” May 15, 2012. Largest joint investment by the two firms. https://techcrunch.com/2012/05/15/qualtrics-raises-70m-accel-sequoia/↩

  30. Accel portfolio page for Qualtrics, “Initial Investment: Series A in 2012” (partner: Ryan Sweeney), accessed March 2026. https://www.accel.com/relationships/qualtrics↩

  31. TechCrunch, “Etsy Raises $27 Million; Accel’s Jim Breyer Joins Board,” January 30, 2008. Confirms Series D round led by Accel; Jim Breyer joined board. https://techcrunch.com/2008/01/30/etsy-raises-27-million-accels-jim-breyer-joins-board/↩

  32. Accel portfolio page for Etsy, “Initial Investment in 2008” (partners: Andrew Braccia, Kevin Comolli), accessed March 2026. https://www.accel.com/relationships/etsy↩

  33. PR Newswire, “Braintree Raises $34MM Series A From Accel Partners,” June 29, 2011. Ryan Sweeney joined Braintree’s board. https://www.prnewswire.com/news-releases/braintree-raises-34mm-series-a-from-accel-partners-124718668.html↩

  34. TechCrunch, “Accel Puts $34 Million In Online Payments Platform Braintree,” June 29, 2011. https://techcrunch.com/2011/06/29/accel-puts-34-million-in-online-payments-platform-braintree/↩

  35. TechCrunch, “Supercell Raises $12M From Accel Partners To Power Social Web Games,” May 26, 2011. Kevin Comolli led; London Venture Partners also participated. https://techcrunch.com/2011/05/26/supercell-raises-12m-from-accel-partners-to-power-social-web-games/↩

  36. Accel portfolio page for Supercell, “Initial Investment: Series A in 2011” (partner: Kevin Comolli), accessed March 2026. https://www.accel.com/relationships/supercell↩

  37. YourStory, “Oolka raises Rs 130 Cr in Series A funding round led by Accel,” April 24, 2026. https://yourstory.com/2026/04/oolka-raises-rs-130-cr-in-series-a-funding-round-led-by-accel↩

  38. Lovable blog, “Lovable Raises $200M, Valued at $1.8B, Just Eight Months After Launch,” July 17, 2025. https://lovable.dev/blog/200m-series-a-fundraise — Series A led by Accel at $1.8B valuation; co-investors 20VC, byFounders, Creandum, Hummingbird, Visionaries Club. ↩

  39. TechCrunch, “Lovable becomes a unicorn with $200M Series A just 8 months after launch,” July 17, 2025. https://techcrunch.com/2025/07/17/lovable-becomes-a-unicorn-with-200m-series-a-just-8-months-after-launch/ — Confirms $200M Series A at $1.8B valuation, Stockholm-based, Accel-led. ↩

  40. Accel, “Accel’s $200M Series A in Lovable: Enabling the Last 99%,” July 17, 2025. https://www.accel.com/noteworthies/accels-200m-series-a-in-lovable—enabling-the-last-99 — Accel’s announcement of the round. ↩

  41. Inc42, “Dale Vaz’s Sahi Raises $33 Mn To Expand Trading Suite,” April 29, 2026, accessed May 2026. https://inc42.com/buzz/sahi-raises-33-mn-from-accel-elevation-to-expand-into-wealthtech-segment/↩

  42. DealStreetAsia, “India: Stockbroking platform Sahi raises $33m Series B from Accel, others,” April 30, 2026, accessed May 2026. https://www.dealstreetasia.com/stories/sahi-accel-480937↩

  43. Outlook Business, “Sahi Raises $33 Mn in Series B Led by Accel, Eyes AI-Led Growth,” April 2026, accessed May 2026. https://www.outlookbusiness.com/corporate/sahi-series-b-funding-33mn-accel-ai-trading-platform↩

  44. BusinessWire, “True Anomaly Raises $650 Million Series D Financing to Accelerate Space Superiority at Scale,” April 28, 2026, accessed May 2026. https://www.businesswire.com/news/home/20260428626943/en/True-Anomaly-Raises-$650-Million-Series-D-Financing-to-Accelerate-Space-Superiority-at-Scale↩

  45. OpenFX blog, “OpenFX Raises $94M Series A to Build the API Infrastructure for Global FX Liquidity,” March 31, 2026, accessed May 2026. https://www.openfx.com/blog/announcing-openfx-s-94m-series-a↩

  46. BusinessWire, “OpenFX Raises $94 Million Series A to Scale Cross-Border Money Movement,” March 31, 2026, accessed May 2026. https://www.businesswire.com/news/home/20260330586743/en/OpenFX-Raises-$94-Million-Series-A-to-Scale-Cross-Border-Money-Movement↩

  47. Crowdfund Insider, “OpenFX Raises $94M Series A,” April 2026, accessed May 2026. https://www.crowdfundinsider.com/2026/04/271046-openfx-raises-94m-series-a/↩

  48. Entrackr, “Credit lifecycle platform Oolka raises $14 Mn in Series A led by Accel,” April 30, 2026, accessed May 2026. https://entrackr.com/news/credit-lifecycle-platform-oolka-raises-14-mn-in-series-a-led-by-accel-11780445 — Official news article confirming $14M (₹130 Cr) Series A led by Accel with Lightspeed and Z47 participation. ↩

  49. Inc42, “Credit Management Startup Oolka Bags $14 Mn In Accel-Led Series A Round,” April 30, 2026, accessed May 2026. https://inc42.com/buzz/credit-management-startup-oolka-bags-14-mn-in-accel-led-series-a-round/ — Confirms $14M Series A led by Accel with participation from Lightspeed, Z47, and Meesho co-founders Vidit Aatrey and Sanjeev Barnwal. ↩

  50. Entrackr (exclusive, regulatory filing-based), “Oolka raises Rs 130 Cr in Series A led by Accel at Rs 730 Cr valuation,” April 24, 2026, accessed May 2026. https://entrackr.com/exclusive/exclusive-oolka-raises-rs-130-cr-in-series-a-led-by-accel-at-rs-730-cr-valuation-11760159 — Pre-announcement leak based on board resolution: Accel India ₹87.22 Cr, Lightspeed India ₹20.87 Cr, Z47/Matrix Partners India ₹19.62 Cr; ₹730 Cr post-money valuation (~$87.6M). ↩

  51. BusinessWire, “RadixArk Launches with $100 Million in Seed Funding Led by Accel to Grow SGLang and Democratize Frontier AI Infrastructure,” May 5, 2026, accessed May 2026. https://www.businesswire.com/news/home/20260505077157/en/RadixArk-Launches-with-$100-Million-in-Seed-Funding-Led-by-Accel-to-Grow-SGLang-and-Democratize-Frontier-AI-Infrastructure↩

  52. Accel, “Our Investment in RadixArk: Building the Open Infrastructure for AI,” May 5, 2026, accessed May 2026. https://www.accel.com/noteworthies/investing-in-radixark-building-an-open-universal-inference-engine↩

  53. TechCrunch, “Sources: Project SGLang spins out as RadixArk with $400M valuation as inference market explodes,” January 21, 2026, accessed May 2026. https://techcrunch.com/2026/01/21/sources-project-sglang-spins-out-as-radixark-with-400m-valuation-as-inference-market-explodes/↩

  54. Fortune, “Exclusive: Nova Intelligence raises $31.5 million to bring agentic AI to SAP’s $89 billion migration wave,” May 5, 2026. https://fortune.com/2026/05/05/exclusive-nova-intelligence-ai-sap-chemistry-emma-qian/ — San Francisco-based Nova Intelligence announced a $31.5M Series A on May 5, 2026 led by Chemistry; existing investors Accel, Conviction, and SAP.iO participated. Total raised over $40M. Co-founders: Emma Qian (CEO), Sam Yang, and Professor Alexander Zeier (co-inventor of SAP HANA). Justin Kershaw (formerly CIO of Cargill) joined as Chief Customer Officer. ↩

  55. FinTech Weekly, “AI Startup Perplexity’s Valuation Jumps to $14 Billion Following $500 Million Funding Round,” May 14, 2025. Accessed May 2026. https://www.fintechweekly.com/magazine/articles/perplexity-ai-startup-valuation-14-billion-funding-round — Confirms Accel led Perplexity’s $500M Series D in May 2025 at $14B valuation. Accel partner Sameer Gandhi joined the board. Cross-referenced with CNBC, “Perplexity AI wrapping talks to raise $500 million at $14 billion valuation,” May 12, 2025. https://www.cnbc.com/2025/05/12/perplexity-funding-round-comet.html — pre-announcement reporting that Accel was close to leading the round. ↩

  56. TechCrunch, “Cursor’s Anysphere nabs $9.9B valuation, soars past $500M ARR,” June 5, 2025. Accessed May 2026. https://techcrunch.com/2025/06/05/cursors-anysphere-nabs-9-9b-valuation-soars-past-500m-arr/ — Confirms $900M Series C led by Thrive Capital with Accel, Andreessen Horowitz, and DST Global participating. ↩

  57. Crunchbase News, “AI-Powered Coding Tool Anysphere Raises $900M at $9.9B Valuation — Its Third Round In Less Than One Year,” June 2025. Accessed May 2026. https://news.crunchbase.com/ai/anysphere-cursor-venture-funding-thrive/ — Confirms Series C round date (announced June 9, 2025), Thrive Capital lead, and Accel participation. ↩

  58. Wikipedia, “Anysphere,” accessed May 2026. https://en.wikipedia.org/wiki/Anysphere — Documents all funding rounds: Oct 2023 Seed ($8M, OpenAI Startup Fund), Jul 2024 Series A ($60M), Jun 5 2025 Series C ($900M, Thrive Capital lead), Nov 13 2025 Series D ($2.3B, co-led Accel and Coatue at $29.3B valuation, Google and Nvidia participating). ↩

  59. Institutional Investor, “Coatue Joins $2.3 Billion Bet on Hot AI Coding Platform,” November 26, 2025. Accessed May 2026. https://www.institutionalinvestor.com/article/coatue-joins-23-billion-bet-hot-ai-coding-platform — Confirms Coatue co-led the $2.3B Series D financing with Accel, taking Anysphere valuation to $29.3 billion. ↩

  60. n8n blog, “n8n raises $180m to get AI closer to value with orchestration,” October 9, 2025, accessed May 2026. https://blog.n8n.io/series-c/ — Confirms $180M Series C led by Accel at $2.5B valuation; participants include Meritech, Redpoint, Evantic, Visionaries Club, NVentures, T.Capital, and existing backers Felicis, Sequoia, Highland Europe, HV Capital. ↩↩

  61. The SaaS News, “n8n Raises $180M Series C at $2.5B Valuation,” October 2025, accessed May 2026. https://www.thesaasnews.com/news/n8n-raises-180m-series-c-at-2-5b-valuation — Confirms $180M Series C led by Accel. ↩

  62. Synthesia blog, “Where Synthesia is Going Next: Announcing our Series C,” accessed May 2026. https://www.synthesia.io/post/series-c — Synthesia’s official Series C announcement; $90M led by Accel (Philippe Botteri joining board) with NVIDIA, Kleiner Perkins, GV, and FirstMark participating. ↩

  63. BusinessWire, “AI Video Creation Pioneer Synthesia Raises $90 Million Series C Led by Accel,” June 13, 2023, accessed May 2026. https://www.businesswire.com/news/home/20230613913631/en/AI-Video-Creation-Pioneer-Synthesia-Raises-%2490-Million-Series-C-Led-by-Accel — Confirms June 13, 2023 announcement date. ↩

  64. TechCrunch, “Synthesia secures $90M for AI that generates custom avatars,” June 14, 2023, accessed May 2026. https://techcrunch.com/2023/06/14/synthesia-secures-90m-for-ai-that-generates-custom-avatars/ — Contemporaneous press coverage of the $90M Series C. ↩

  65. Synthesia blog, “Synthesia raises $200 million Series E at $4 billion valuation,” January 26, 2026, accessed May 2026. https://www.synthesia.io/post/series-e-200-million-4-billion-valuation-future-work — Series E led by Google Ventures; Accel listed as participating existing investor. ↩

  66. Sifted, “Synthesia hits $4bn valuation with $200m round led by Google Ventures,” January 26, 2026, accessed May 2026. https://sifted.eu/articles/synthesia-4bn-valuation-200m-google-ventures — Contemporaneous press; confirms Accel’s participation. ↩

  67. Cyera, “Cyera Secures $100 Million Series B Investment to Become the Data Security Platform Enabling the AI Revolution,” June 27, 2023. Accessed May 2026. https://www.cyera.com/press-releases/cyera-secures-100-million-series-b-investment-to-become-the-data-security-platform-enabling-the-ai-revolution — Company’s official Series B announcement. Confirms June 27, 2023 announcement date; $100M Series B led by Accel; participation from existing investors Sequoia and Cyberstarts, plus new investor Redpoint Ventures; total funding to $160M. Quote from Accel partner Philippe Botteri. ↩

  68. TechCrunch, “Data security startup Cyera lands a $100M investment,” June 27, 2023. Accessed May 2026. https://techcrunch.com/2023/06/27/data-security-startup-cyera-lands-a-100m-investment/ — Contemporaneous press; confirms $100M Series B led by Accel with Sequoia, Cyberstarts, and Redpoint Ventures participating. ↩

  69. PR Newswire, “Cyera Secures $100 Million Series B Investment to Become the Data Security Platform Enabling the AI Revolution,” June 27, 2023. Accessed May 2026. https://www.prnewswire.com/news-releases/cyera-secures-100-million-series-b-investment-to-become-the-data-security-platform-enabling-the-ai-revolution-301863568.html — Independent wire confirmation; $100M Series B led by Accel; Sequoia, Cyberstarts existing investors plus Redpoint new participant; $500M post-money valuation. ↩

  70. TechCrunch, “Indian Uber rival Rapido raises $240M at $3B valuation,” May 15, 2026. Accessed May 2026. https://techcrunch.com/2026/05/15/indian-uber-rival-rapido-raises-240m-at-3b-valuation/ — Confirms Accel participated in Rapido’s $240M primary round led by Prosus at $3B valuation alongside existing investor WestBridge Capital. ↩

  71. YourStory, “Rapido raises $240M in primary funding led by Prosus at $3B valuation,” May 15, 2026. Accessed May 2026. https://yourstory.com/2026/05/rapido-raises-240m-in-primary-funding-led-by-prosus-at-3b-valuation — Cross-references Accel as participating existing investor in Rapido’s May 15, 2026 round, bringing total raised to $730M. ↩

  72. BusinessWire, “Forus Raises $160M to Build the Foundation for Modern Medicine,” May 12, 2026. Accessed May 2026. https://www.businesswire.com/news/home/20260512458472/en/Forus-Raises-$160M-to-Build-the-Foundation-for-Modern-Medicine — Confirms Accel participated in Forus’s $160M growth round on May 12, 2026, led by Thrive Capital at $1B post-money. General Catalyst, Bain Capital Ventures, Redpoint, BoxGroup, and Pear VC also participated. ↩

  73. PR Newswire, “Sprouts.ai Raises $9M Pre-Series A Led by True Global Ventures and Accel to Scale Revenue Agents with Differentiated Data for B2B Enterprises,” May 15, 2026. Accessed May 2026. https://www.prnewswire.com/news-releases/sproutsai-raises-9m-pre-series-a-led-by-true-global-ventures-and-accel-to-scale-revenue-agents-with-differentiated-data-for-b2b-enterprises-302772512.html — Confirms $9M Pre-Series A on May 15, 2026 co-led by True Global Ventures and Accel; brings total funding to $14M. Palo Alto-based. ↩

  74. Pulse2, “Sprouts.ai: $9 Million Pre-Series A Raised To Scale AI Revenue Agents For B2B Enterprises,” May 15, 2026. Accessed May 2026. https://pulse2.com/sprouts-ai-9-million-pre-series-a-raised-to-scale-ai-revenue-agents-for-b2b-enterprises/amp/ — Independent confirmation of Sprouts.ai $9M Pre-Series A co-led by TGV and Accel on May 15, 2026. ↩

  75. Fortune, “Exclusive: AI startup Viktor raises $75 million to put a virtual ‘coworker’ in Slack and Teams,” May 19, 2026. Accessed May 2026. https://fortune.com/2026/05/19/viktor-ai-startup-raises-75-million-for-virtual-coworker-exclusive/ — Confirms Accel led Viktor’s €64.7M ($75M) Series A on May 20, 2026; Bek Ventures, Kaya VC, Inovo VC, Tenacity Capital participated alongside angel investors including Stewart Butterfield, Cal Henderson, Guillermo Rauch, Victor Riparbelli, Alex Bouaziz. ↩

  76. Wilson Sonsini, “Firm Advises Viktor on $75 Million Series A,” May 2026. Accessed May 2026. https://www.wsgr.com/en/insights/firm-advises-viktor-on-dollar75-million-series-a.html — Outside counsel confirmation of Accel-led Series A. ↩

  77. TechCrunch, “Primer, the fintech helping merchants consolidate the payments stack, raises £14M Series A,” November 29, 2020. Accessed May 2026. https://techcrunch.com/2020/11/29/primed-for-accel/ — Confirms Accel led Primer’s £14M Series A on November 29, 2020 with Balderton Capital, Seedcamp, and Speedinvest participating. ↩

  78. Sifted, “Balderton-backed payments startup Primer raises $100m Series C,” May 2026. Accessed May 2026. https://sifted.eu/articles/primer-raises-100m-series-c — Confirms Accel participated in Primer’s $100M Series C on May 20, 2026 led by Sofina; Peak XV Partners, Balderton, ICONIQ, Tencent, Speedinvest also participated. Total funding $170M. ↩

  79. Axios Pro Rata, “Perceptic raises $12M seed from Accel, Air Street Capital, and Elder Gull,” May 26, 2026. Accessed May 2026. https://www.axios.com/newsletters/axios-pro-rata — Confirms Accel led Perceptic’s $12M seed on May 26, 2026 with Air Street Capital and Elder Gull participating. ↩

  80. Nebius newsroom, “Nebius announces oversubscribed strategic equity financing of USD 700 million to accelerate roll-out of full-stack AI infrastructure,” December 2, 2024. Accessed June 2026. https://nebius.com/newsroom/nebius-announces-oversubscribed-strategic-equity-financing-of-usd-700-million-to-accelerate-roll-out-of-full-stack-ai-infrastructure — Confirms $700M private placement closed December 2, 2024 with Accel, NVIDIA, and Orbis Investments participating; Accel’s Matt Weigand granted board observer rights with intent to nominate as director. ↩

  81. TechCrunch, “European AI infrastructure company Nebius nabs $700M from Nvidia, Accel, others,” December 2, 2024. Accessed June 2026. https://techcrunch.com/2024/12/02/european-ai-infrastructure-company-nebius-nabs-700m-from-nvidia-accel-others/ — Contemporaneous press confirmation of December 2, 2024 announcement date and Accel participation. ↩

  82. SecurityWeek, “Oasis Security Raises $35 Million to Tackle Non-Human Identity Management,” May 1, 2024. Accessed June 2026. https://www.securityweek.com/oasis-security-raises-35-million-to-tackle-non-human-identity-management/ — Confirms Oasis Security’s $35M Series A Extension announced May 1, 2024, led by existing investors Accel, Sequoia Capital, and Cyberstarts. ↩

  83. Bloomberg, “Sequoia-Backed Oasis Security Raises $35 Million for Emerging Credentials Threat,” May 1, 2024. Accessed June 2026. https://www.bloomberg.com/news/articles/2024-05-01/sequoia-backed-oasis-security-raises-35-million-for-emerging-credentials-threat — Contemporaneous Bloomberg confirmation of May 1, 2024 announcement. ↩

  84. Accel companies page, “Anthropic,” accessed June 2026. https://www.accel.com/companies/anthropic — Lists Accel’s first investment in Anthropic as January 1, 2025. Cross-referenced with Tracxn (https://tracxn.com/d/companies/anthropic/__SzoxXDMin-NK5tKB7ks8yHr6S9Mz68pjVCzFEcGFZ08/funding-and-investors) confirming Accel participated in the Series G round at $183B valuation (announced February 12, 2026; round may have started accruing commitments earlier). ↩

  85. TechCrunch, “Cyera eyes $12B valuation at 80x ARR multiple despite operating losses,” June 2, 2026. Accessed June 2026. https://techcrunch.com/2026/06/02/cyera-eyes-12b-valuation-at-80x-arr-multiple-despite-operating-losses/ — Confirms $300M round at $12B valuation led by Evolution Equity Partners with Accel, Coatue, Lightspeed, Redpoint, Sapphire, Sequoia, Cyberstarts participating. ↩

  86. SiliconANGLE, “Cyera raises $300M at $12B valuation, doubling its worth in five months,” June 2, 2026. Accessed June 2026. https://siliconangle.com/2026/06/02/cyera-raises-300m-12b-valuation-doubling-worth-five-months/ — Contemporaneous press; confirms full participant list including Georgian, Greenoaks, Lightspeed, Sequoia, Sapphire, Redpoint, Cyberstarts, Coatue, Accel, and Spark Capital. ↩

  87. Dealroom.co, “Cyera Raises $300M at $12B Valuation in Series G, Led by Evolution Equity Partners,” June 2026. Accessed June 2026. https://app.dealroom.co/news/note/cyera-raises-300m-at-12b-valuation-in-series-g-led-by-evolution-equity-partners — Identifies the round as Series G. ↩

  88. TechCrunch, “Quick commerce FirstClub doubles valuation to $255M in nine months,” by Manish Singh, June 3, 2026. Accessed June 2026. https://techcrunch.com/2026/06/03/firstclub-doubles-valuation-to-255m-in-nine-months-on-quality-first-grocery-bet/ — Confirms $55M Series B co-led by Peak XV and Sofina at $255M valuation with Accel, RTP Global, and Paramark Ventures participating. ↩

  89. Entrackr, “Former Flipkart executive’s startup FirstClub raises $55 Mn led by Peak XV and Sofina,” June 2026. Accessed June 2026. https://entrackr.com/news/former-flipkart-executives-startup-firstclub-raises-55-mn-led-by-peak-xv-and-sofina-11999444 — Confirms participants including Accel and existing investors. ↩

  90. Inc42, “FirstClub Nets $55 Mn To Expand Store Footprint, Widen Product Range,” June 2026. Accessed June 2026. https://inc42.com/buzz/firstclub-nets-55-mn-to-expand-store-footprint-widen-product-range/ — Independent confirmation of $55M Series B led by Peak XV and Sofina with Accel participation. ↩

  91. Dash0 blog, “Dash0 announces $9.5M seed financing, led by Accel,” November 4, 2024. Accessed June 2026. https://www.dash0.com/blog/dash0-seed-financing — Confirms Accel led the $9.5M seed; participants Dig Ventures plus angels Guy Podjarny and Guillermo Rauch. ↩

  92. Dash0 blog, “Dash0 Raises $35 Million Series A to Build the First AI-Native Observability Platform,” October 2, 2025. Accessed June 2026. https://www.dash0.com/blog/dash0-raises-usd35-million-series-a — Confirms Series A co-led by Accel and Cherry Ventures with DIG Ventures participating. ↩