Top Investments by Accel 2023
The goal of each investor should be to maximize their portfolio’s profit potential while minimizing risk. Venture capital investments are one option for doing this. Accel is among the most prestigious venture capital firms. Accel invests in innovative companies with massive growth potential that might become market leaders and household names.
Despite being in its development stage, this multinational firm has already established itself as a leading venture capital firm. Accel primarily targets the American, Asian, and European markets. In this article, you will find information on the top investments by Accel funds and their investment portfolio.
Accel
Venture capital firm Accel, earlier referred to as Accel Partners, has its headquarters in the US. This organization assists businesses at their seed, startup, and growth stages. This firm has extensive offices worldwide, including in India, China, London, Palo Alto, San Francisco, and California. Together with International Data Groups, they have a long-standing relationship that makes this possible. Although the brand represents one unit, four legal entities exist across London, Hong Kong, and California.
The industry/sectors Accel invests in include Mobile, Infrastructure, Consumer, Software as a Service, Security Services, customer support, Business software, and Online shopping. Accel handles investments at several stages, including seed, early, and growth.
You can find the Notable investments by Accel throughout the years in this section.
- 2008: They have invested in a wide variety of European companies, including BlaBlaCar, Hopln, Spotify, UiPath, Deliveroo, Avito (which Naspers purchased for $1.2 billion), Supercell (which Tencent acquired for $8.6 billion), and numerous others. Furthermore, Accel persisted in funding early-stage businesses. The company launched a $480 million growth fund in December 2008 to pursue equity development possibilities in online media, networking, IT, the Internet, mobile phone services, and software.
- 2016: The business raised an astounding $2 billion in March 2016 ($1.5 billion for expansion investments and $500 million to support an early-stage enterprise). They raised an additional $500 million toward European and Israeli ventures the following month. The Accel India division raised $450 million in November 2016, two years after raising $325 million in its fourth fund.
- 2019: Accel raised $575 million in 2019. As a result, entrepreneurs in Europe and Israel were able to secure funding for their Series A rounds. Accel handled $3 billion in funding, making this round the biggest in the whole area.
Top investment by Accel 2023
Although Accel has made several investments throughout the years, the following represents the firm’s holdings for the current fiscal year. In 2023, these were the best Accel investments:
| S. No. | Organization Name | Funding Type | Announced Date | Money Raised (in USD) |
|---|---|---|---|---|
| 1 | Blackpoint Cyber | Series C | 08-06-2023 | 190000000 |
| 2 | Headway | Series C | 05-10-2023 | 125000000 |
| 3 | Cyera | Series B | 27-06-2023 | 100000000 |
| 4 | Synthesia | Series C | 13-06-2023 | 90000000 |
| 5 | Wallapop | Series G | 18-01-2023 | 87463367 |
| 6 | Credgenics | Series B | 09-08-2023 | 49959844 |
| 7 | Swan | Series B | 13-09-2023 | 39711927 |
| 8 | Linear | Series B | 14-09-2023 | 35000000 |
| 9 | Anyfin | Series C | 18-01-2023 | 31263475 |
| 10 | Framer | Series C | 27-07-2023 | 27994414 |
| 11 | Ritual | Series A | 08-11-2023 | 25000000 |
| 12 | ProjectDiscovery | Series A | 17-08-2023 | 25000000 |
| 13 | Beaconstac | Series A | 17-01-2023 | 25000000 |
| 14 | Lottie | Series A | 09-10-2023 | 20028591 |
| 15 | Captain Fresh | Series C | 05-09-2023 | 19978854 |
| 16 | Kratos Studios | Seed | 23-02-2023 | 19366277 |
| 17 | Stacklok | Series A | 17-05-2023 | 17500000 |
| 18 | Snaptrude | Series A | 07-01-2023 | 14000000 |
| 19 | Beek | Series A | 02-02-2023 | 13000000 |
| 20 | Fortify | Venture - Series Unknown | 01-06-2023 | 12500000 |
| 21 | Brik | Seed | 04-05-2023 | 12000000 |
| 22 | Atlys | Venture - Series Unknown | 16-03-2023 | 12000000 |
| 23 | Spendflo | Series A | 04-04-2023 | 11000000 |
| 24 | Insify | Series A | 07-06-2023 | 10707050 |
| 25 | EcoSoul Home | Series A | 19-04-2023 | 10000000 |
| 26 | Fibmold Packaging | Venture - Series Unknown | 02-11-2023 | 9971459 |
| 27 | viso.ai | Seed | 25-10-2023 | 9721048 |
| 28 | Catch+Release | Series A | 08-08-2023 | 8800000 |
| 29 | Jiraaf | Series B | 12-10-2023 | 8700000 |
| 30 | Rainforest | Seed | 04-10-2023 | 8500000 |
| 31 | Testsigma | Funding Round | 01-03-2023 | 8200000 |
| 32 | Chronicle | Seed | 21-02-2023 | 7493194 |
| 33 | Snaptrude | Seed | 04-01-2023 | 6600000 |
| 34 | Breathe Well-being | Series B | 19-01-2023 | 6154599 |
| 35 | Tavus | Seed | 20-03-2023 | 6100000 |
| 36 | Effectiv | Seed | 26-07-2023 | 4500000 |
| 37 | Flipturn | Seed | 27-07-2023 | 4500000 |
| 38 | SigTuple | Series C | 01-03-2023 | 4185869 |
| 39 | Beam | Seed | 23-03-2023 | 4000000 |
| 40 | Rex | Seed | 12-06-2023 | 3960000 |
| 41 | Fundly.ai | Seed | 08-05-2023 | 3000000 |
| 42 | Agave | Seed | 30-08-2023 | 2900000 |
| 43 | SLAY | Pre-Seed | 19-01-2023 | 2600000 |
| 44 | SnapCalorie | Seed | 15-06-2023 | 2000000 |
| 45 | Fibr.ai - Landing Page for Every Ad | Seed | 24-06-2023 | 2000000 |
| 46 | Myxt | Seed | 13-04-2023 | 2000000 |
Top 10 investments by Accel
Accel made many notable investments in 2023, but the following companies are the top 10 most funded. Accel and various other investors have contributed millions to these startups’ fundraising rounds. We can take a look at them individually.
Blackpoint Cyber
A top cybersecurity platform, Blackpoint Cyber equips managed service firms (MSPs) to offer complete cyber defense to the thousands of businesses that depend on these companies for their security. The recent Series C fundraising round brought in $190,000,000 in investments. Under the direction of founder Jon Murchison, Blackpoint has created a Managed Detection and response solution to help businesses of all sizes fight against security breaches. This solution integrates advanced threat detection, curated app monitoring, log evaluation, and another 24/7 Security Operations Center (SOC).
Headway
Headway is creating the first nationwide network of insurance-accepting therapists without any assets. Individuals can locate high-quality, cost-effective treatment, and therapists can expand their operations. Headway’s mental health care system aims to ensure people can afford the treatment they need. They raised $125,000,000. It was their most recent fundraising round, a series C. Mental healthcare practitioners may extend their businesses, and customers can save cash on therapy sessions through the company’s virtual community of therapists who take insurance and offer video or in-person appointments booked online.
Cyera
For the purpose of safeguarding your most precious asset—data—Cyera offers intelligent, user-friendly data protection that learns and adapts. Without agents or additional costs, Cyera’s platform can identify, analyze, and categorize data across the whole data environment. The total amount raised during their Series B round was 100,000,000. Accel, Cyberstarts, Redpoint, and Sequoia Capital are among the notable investors.
Synthesia
By far, the most popular platform for creating AI videos is Synthesia. In 2017, a group of artificial intelligence (AI) experts and businesspeople from Cambridge, TUM, UCL, and Stanford came together to form Synthesia. With their AI Video Generator, everyone can make high-quality films even if they don’t have access to expensive equipment, performers, or facilities. In their series C round, they managed to raise $90,000,000. Some noteworthy investors are Olivier Pomel, Accel, Alex Wang, Amjad Masad, FirstMark, Google Ventures, Kleiner Perkins, MMC Ventures, and NVentures.
Wallapop
Wallapop is an e-commerce company that brings together vendors and consumers using mobile devices. Customers can shop for used goods, save money, and earn extra money by selling their old products on the company’s virtual marketplace. It is accessible from both mobile devices and computers running Android and iOS. The platform also features a car-selling section. They were able to raise $874,63,367 through their Series G investing round.
Credgenics
To speed up the process of recovering bad loans, Credgenics developed a debt recovery platform. The platform utilizes artificial intelligence, optimal legal pathways, and tailored techniques to help financial institutions and banks recover loans more efficiently at a reduced cost and with a higher recovery rate. Their Series B investment round brought in $49,959,844. They have received investments from Accel, Beams FinTech Fund, Tanglin Venture Partners, and Westbridge Capital.
Swan
Swan is the most user-friendly solution for integrating banking capabilities into your product. Its straightforward application programming interfaces allow European businesses to effortlessly include banking services (accounts, cards, and payments) into their product. Swan has handled around 100 enterprises in 10 European countries and 300 million euros in monthly transactions since its founding in 2019. Their most recent round of fundraising, a series B, raised $39,711,927.
Linear
Linear creates a software development and project management application that tracks issues and helps with project management. Their most recent Series B round raised $35,000,000. The platform simplifies project management, sprints, responsibilities, and bug tracking. It focuses on the implementation phase of development and helps public organizations and early-stage startups coordinate their teams, operate smoothly, and enhance productivity.
Anyfin
Anyfin’s loan refinancing platform aims to help borrowers get better deals on their current loans. Users with good credit can benefit from the platform’s use of openly accessible consumer data, AI tools, and mobile technology. It allows them to refinance their consumer loans at a lower interest rate without increasing the repayment period. Their most recent Series C investment brought them $31,263,475 in financing.
Framer
The company Framer creates interactive design software that allows users to create interactive prototypes from start to finish for desktop, web, Android, and iOS platforms. The company’s Series C round has raised $27,994,414. Its software helps clients create and share interactive design projects with a smooth static-to-motion workflow, live device previewing, and version control. It lets them turn static illustrations into interactive models and experiment swiftly with visuals and interactions.
Get valuation done by Eqvista for your funding round!
Accel is a venture capital company that backs new businesses in the technology sector. They pay special attention to the development and seed phases. Because of this, they have expanded to become one of the world’s leading venture capital firms. Any company that receives funding aims to expand and secure more financing. It is when valuation becomes crucial. It will put your company in a better position to manage the difficulties that growth inevitably brings.
Eqvista has a staff of valuation experts who are well-versed in all applicable fields to face any challenge head-on. For both new businesses and established corporations, we offer comprehensive company valuation solutions. Contact us for reasonably priced assistance with business valuations. Book a consultation call with us now!
