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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

Other
£41.0M

Bessemer Venture Partners led the round to fund international expansion and product development.

"Carwow’s consumer proposition is just as exciting, which is helping make car changing simpler for consumers across Europe – and with over 9 million car changes a year alone in the UK, we’re looking forward to supporting the Management team in growing the business and delivering on its true potential. Carwow’s focus on using its content expertise and footprint to drive its commerce services through dealer partnerships makes it unique and compelling in the category."
— Alex Ferrara, Partner
Seed
£3.9M

The London-based cloud security firm has raised £3.9m in a seed round led by Accel to expand its engineering team and product offering.

"Our mission at Tracebit is to accelerate the mass adoption of threat deception for enterprises everywhere, and to reduce the mean time for detecting an intruder from months to minutes. Honeypots are one of the biggest deterrents to cyber attacks, but have been underused for too long due to their cost and complexity. This funding will help us bring threat deception to enterprises that haven’t felt able to leverage it before."
— Andy Smith, CEO
Series B
£69.0M

The funding round was led by Dawn Capital with participation from Accel, LocalGlobe, and Bessemer Venture Partners.

"In an era when everyone is used to ordering goods and services from a meal to a car ride at the push of a button, it is unacceptable how difficult wholesale buying can be for small and medium-sized businesses. Qogita was founded with a mission to transform procurement and provide the buying power and privileges of a global chain to every ambitious e-commerce platform or mid-sized store. Over the past two years, we’ve been quietly building in service of our buyer and seller customers, and have made great strides so far, but there is of course still more work to be done. We’re delighted to be working with an elite group of visionary investors to revolutionize wholesale procurement."
— Manolis Manassakis, CEO
Seed
£3.9M

The seed round was led by Accel with participation from several prominent institutional funds and angel investors.

"The vast majority of marketers’ time is spent on work other than copy generation, so we see significant potential in augmenting and automating these tasks. To do this, we’ve combined the latest AI technologies (retrieval augmented generation, autonomous agents and multi-modal models) to chain together workflows that capture more of marketers’ repetitive activities, giving them time back to focus on higher impact tasks. We’re excited to continue on this mission with this new investment round and having the Accel team join us on this journey."
— Ben Hacking, CEO
Series A
$21.0M

The Series A round was led by Accel and will fund platform development and team expansion.

"Our goal for Lottie is to become the trusted adviser to care seekers throughout the world – helping families best understand, find and fund later life care. Over 500,000 Britons now visit Lottie every month, and we’re incredibly excited to have Accel join General Catalyst and Kindred on our journey, helping to fuel our next stage of growth and continue in our mission to elevate later life for everybody."
— Will Donnelly, Co-Founder and Co-CEO