The VC Firms That Raised Fund In 2011
By siliconindia
Accel Partners
Best known for investments in Facebook and Groupon, the California-based Accel Partners has raised $400 million India-focused fund that would strike investment deals up to $50 million in growth businesses in contrast to venture investing that is usually below $10 million. Founded in 1983 by Arthur Patterson and Jim Swartz, Accel funds companies from inception through the growth stage. It manages over $8.8 billion from offices in Palo Alto, California, New York, London, India and China. Some of the portfolio companies are AdMob, BranchOut, ComScore, Focus Media, Nimble Storage and several others.