The Fund Codex: Accel
Accel led 20 Series As since the start of 2024
Last month, we published our first tear sheet for Andreessen Horowitz. We covered 24 announced Series As led in 2024 and the 10 partners who were listed on those deals. Check it out here.
We also shared three questions that we encourage founders to ask, as they’re building their investor list and thinking about who should lead their Series A:
How likely is it that this fund leads my A? How active is this fund, and at what stages? Do they have enough money to anchor my ideal round size, or lead my B if I want them to?
Has this fund made relevant investments? What are they excited about today? Have they invested in my sector, and do they know it well enough to diligence my business?
Am I talking to the right person at this fund? Are they the kind of board member who I want to work with for the lifetime of the company? Do they have the political capital to champion and lead my round?
Today, we’re covering Accel, the second most active Series A fund by number of announced lead investments in 2024.
A few updates:
We’ve added biographies and LinkedIn profiles for every fund partner
We’ve added geographic focus for global funds with multiple teams
Accel
Fund Size
Accel has 3 global early stage funds and a growth fund:
US fund (2023): $650M
Europe fund (2024): $650M
India fund (2025): $650M
Growth fund (2024): $1.35B
We’ve created a tear sheet with 1) Series As announced by Accel and 2) active partners who led a deal since 2024. Check it out here 👇
https://docs.google.com/spreadsheets/d/1ZJY23w-4d2uGQiXbIvMNgdvx3NcJs4Mok3cVxxpO99A/edit?usp=sharing
Series As led by Accel since 2024
Series As led since 2024: 20 rounds
Average round size: $25M
Rounds co-led (4): With Lightspeed Venture Partners, General Catalyst, Cyberstarts, Sequoia, Section32
Partners by Investments, Geography, and Sector Focuses
14 partners were named lead partners on announced Series As in 2024: Andrei Brasoveanu (3), Subrata Mitra (2), Pratik Agarwal (2), Miles Clements (1), Shekhar Kirani (1), Ben Fletcher (1), Steve Loughlin (1), Sara Ittelson (1), Ivan Zhou (1), Sonali De Rycker (1), Anand Daniel (1), Vas Natarajan (1), Sameer Gandhi (1), Luca Bocchio (1)
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Disclosures
This material is intended for information purposes only and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Unless otherwise stated, all views or opinions herein are solely those of the author(s), and thus any view, comments, or outlook expressed in this communication may differ substantially from any similar material issued by other persons or entities. The information contained in this communication is based on generally available information and although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured and such information may be incomplete or condensed. The information in this communication does not constitute tax, financial, or legal advice.