, one of the few VC firms founded before the first dot-com bubble, filed paperwork with the SEC early Friday morning indicating it’s raised over $2.5 billion for a suite of new investment funds.
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Accel filed Form Ds for three new entities:
- , the firm’s fourteenth flagship venture fund, tops out at $525 million. According to the filing, 150 investors contributed capital to the fund. Identities of limited partners are not disclosed on Form D filings. This is the largest flagship venture fund Accel has raised to date; rounded out to $500 million, according to Crunchbase data and SEC filings.
- , a follow-up to its first “Leaders”-series fund, raised $500 million. According to , Accel will invest this capital in follow-on rounds raised by its most successful portfolio companies, a common strategy among established venture firms. The filing shows that 167 investors backed the fund.
- , the firm’s fifth growth-stage venture fund, raised $1.5 billion. Accel raised this fund from 168 investors, according to the filing. With the Leaders fund allocated to follow-on investments in Accel’s best bets, we presume the Growth Fund is earmarked for de novo investments in late-stage venture. Fund size remains unchanged since .
Accel has a strong track record of finding and backing high-growth ventures. Its biggest-ever wins include the likes of (Accel led the then-incipient social networking giant’s at a pre-money valuation of $85.3 million) and Spotify (which, at $900 million pre-money valuation).
More recent exits include , which earlier this month. Accel first invested in and continued follow-on funding through . And next out the exit gate might be , which confidentially filed its S-1 paperwork with the SEC. Accel led back in January 2009 and in April 2010. The firm was a returning investor throughout several subsequent rounds.
With all this activity, there doesn’t need to be any loud marketing fanfare or press push to affirm that Accel continues to remain extremely active and engaged. The proof is in the filings and we will promise to keep watch.
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