Having established a presence in the UK capital with the launch of its London office 16 years ago, Accel had a plan to partner extraordinary entrepreneurs, who have the ambition to build category-defining businesses .
2015 alone saw the London team’s investments generate over $15bn in exit market value alone. One of its most successful accomplishments over the past 12 months include Finnish Clash of Clans maker Supercell securing an exit with a sale to SoftBank.
Its existing British business investments include Deliveroo and Funding Circle, while it’s also backed French ride-sharing platform BlaBlaCar and German comparison service Check24.
Companies across 19 countries have secured backing from Accel to date. The VC firm targets a variety of technology markets, including mobile, fintech, cloud, SaaS, security and so on.
Read more on new funding developments:
- Former Just Eat CEO invests six-figure sum in local service marketplace
- David Gandy-backed UK ice cream brand Wheyhey aims for $5m VC funding in US
- Youd be mad to attack the sharing economy 170m Onefinestay acquisition says so
Harry Nelis, partner at Accel London, said: Entrepreneurship is flourishing everywhere across Europe and Israel; weve never seen so many great founders, both gritty and ambitious, come out of the region, and are excited to help them build the next generation of truly great, enduring businesses.
Accel revealed its current funds under management in Europe and Israel are at $2.5bn. The new Accel London V fund will concentrate on early stage and growth investments, with marketplaces, SaaS and new infrastructure businesses of particular interest.
“We are grateful to be backed by many of the worlds best institutions, including premier endowments, pension funds and research institutes, and will continue to work hard to generate superior returns so that they too may be successful in serving their communities,” added Nelis.
VC firms are snatching up headlines by the handful when it comes to investments, but Angel CoFund provided us with exclusive access to numbers that show UK angels are providing a stairway to entrepreneurial heaven.
Image: Shutterstock
