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Accel

Accel

Venture Capital

Accel is a venture capital firm with a portfolio spanning companies such as Spotify, Monzo, Slack, and Dropbox.


Recent investments

Series C
£64.9M

The data privacy platform aims to accelerate international expansion and increase headcount following backing from Warburg Pincus.

"Large enterprises in regulated industries like financial services and healthcare have been early adopters of data privacy solutions, but all companies should look for ways to use data more safely and more effectively. Managing sensitive data at enterprise scale and complexity is a real challenge for even the most sophisticated data organizations. By automating the enforcement of data protection strategies, Privitar’s platform makes this achievable in any data-driven organization. We are excited to partner with Warburg Pincus as we continue to pioneer the category."
— Jason du Preez, CEO
Series B
£48.7M

The Series B round was co-led by Battery Ventures and Dawn Capital to accelerate international growth.

"I’m very proud of the team’s achievements over the past 12 months, but we have barely scratched the surface of the opportunity ahead of us. There are over 3 million businesses in our target markets, the UK and Italy, and over 5.5 million businesses in the next three largest markets in Europe. Most of these businesses are still using reimbursable expenses, spreadsheets and manual processes to manage the expense management cycle. The time saving and additional control over company spending and expense management that Soldo offers businesses of all sizes is a true game-changer, and we will continue to accelerate growth and consolidate our position as market leaders in the UK, Italy and Ireland over the next 12 months."
— Carlo Gualandri, CEO and Founder