We’re excited to share that we closed fundraising for Accel XII ($475 million) and Accel Growth III ($1 billion) this past Monday.
To our Limited Partners and entrepreneurs - thank you! We are humbled by your continuous support and the trust you place in us. It is our honor to work hard on your behalf.
Looking back: Through 2013, we saw several of our companies and teams achieve tremendous milestones, including the IPOs of Nimble Storage, OzForex, and the acquisitions of Airwatch, Braintree, Dealer.com and MoPub, amongst others. This follows the Facebook IPO in 2012, an industry-defining event where Accel was the first venture firm to partner with the company.
While we were fortunate to be early investors in the social internet, we also began focusing on the Cloud and Big Data around the same time, leading to category-defining investments such as Cloudera and Nimble Storage. We launched our inaugural $100 million Big Data Fund in 2011, and have continued to actively invest in data infrastructure up to the application layer behind this early thesis.
Looking ahead: We remain focused on the same technology and media sectors that have created world-class companies over the past three decades at Accel. Of specific interest going forward: The New Security Perimeter, Consumer Services & Marketplaces, Data-Driven Software, NextGen Financial Services & Payments, and the Ongoing Rise of Mobile.
Our investor team is made up of partners spanning multiple generations within Accel and includes: Andrew Braccia, Jim Breyer, Kevin Efrusy, Jake Flomenberg, Kobie Fuller, Sameer Gandhi, Ping Li, John Locke, Vas Natarajan, Brian O'Malley, Ryan Sweeney and Rich Wong.
Once again, we deeply appreciate the bold and incredible work of our entrepreneurs, who have the courage, and tireless energy, to innovate and build amazing companies across a wide range of technology sectors. It is our honor to be YOUR partners, and we look forward to earning the trust of the next generation of founders and startup teams in the years to come!