Accel Partners

Ostrovok Capitalizing on Russia's E-Commerce Boom

Russian hotel booking site Ostrovok.ru has raised a new $25 million round from General Catalyst Partners, Frontier Ventures, Accel Partners and other investors, almost tripling the amount the Russian hotel booking site has raised in the past two years.Ostrovok is riding a growing e-commerce wave in Russia that has produced several national champions including Ozon, often dubbed the country’s Amazon, and online shopping club KupiVIP.Read more

ACCEL's MAX NIEDERHOFER JOINS SUNSTONE CAPITAL

COPENHAGEN, Denmark, April 9, 2013 --Accel Partners' Max Niederhofer has joined Sunstone Capital as a Partner in its Copenhagen office. In this role, he will focus on early stage technology investments and support existing companies in Sunstone’s portfolio.
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Q & A With Accel Partners' Philippe Botteri

Philippe Botteri, a judge in the start-up competition at Le Web, an annual Paris-based Internet conference that attracts a global audience, has worked in the technology industry for the past 15 years, most of it based in Silicon Valley. Since joining Accel Partners in London in 2011 Botteri’s focus has primarily been on the Internet, cloud computing and software-as-a-service (SaaS).Read more

Oskar Hartmann Ventures Into The Fast Lane

Refined, adjusted, adapted, copied…all words that have been used to describe what entrepreneur Oskar Hartmann borrowed did with a variety of western online retailing websites when he createdRead more

What's Next For Wonga

Errol Damelin, founder and chief executive of short-term online lender Wonga, is the popular choice for Europe’s Entrepreneur of the Year. He won the top prize from the European Tech Tour Association at a recent gala awards ceremony in London and was named e-commerce and technology entrepreneur of 2011 by Ernst & Young.Read more

The Shift To Late Stage Investing In Europe

Showroomprive.com, a four-year-old private online sales company that competes with France's Vente-privee.com, managed to attract 3 million members and 75 million euros in revenue without any outside help. But to meet its goal of becoming a pan-European player the Paris-based company needed "smart money", connections to a venture capital firm that understands how to scale and the ins and outs of on-line businesses with a social component.Read more

Building Europe's Next Billion Dollar Businesses: Icera's Story

British fabless chip company Icera's story  contains important lessons for companies wishing to become global giants. Europe has deep strengths in hard core technology. And now it has a new generation of managers that have already been through the experience once of building companies in Europe and have no need to cash out early. It has investors ready to step up and fund great entrepreneurs with great technologies. But it is a long haul for Europe's billion dollar babies and all the more so for capital-intensive semiconductor businesses.Read more

An Economic Argument For the Female Decade

I was a teenager in the 1970s, the heady days of the women's movement when bra burning and slogans such as "A Woman Without A Man Is Like a Fish Without A Bicycle"  were in vogue.  We were promised we could have it all.

There has most certainly been progress in the last 30 years. But there are still too few women leading venture-backed companies. Too few in top management of bigger companies in Europe and not enough women on the boards of companies of any size. If we women want to change that then we have to frame it in economic terms.Read more

Electronic Arts Accelerates Move Into Social Gaming With Playfish Acquisition

In an anticipated deal Electronic Arts announced November 9 that it will buy Playfish, a London-based company that produces games for friends to play together over social and mobile platforms such as Facebook, MySpace, Bebo, Google, iPhone and Android. Playfish, a two-year-old company backed by Accel Partners and Index Ventures, is disrupting the traditional video game marketplace by offering game experiences that allow people to play with their real life friends via social networks.Read more

OpenX ad exchange raises $10 million in series C round

OpenX Technologies, an independent ad server for web publishers, today announced it has completed a $10 million Series C fundingbringing  the total investment in the company, which was founded in London and is now based in Pasadena, California, to more than $30.8 million. DAG Ventures led the round and  existing investors Accel Partners, Index Ventures, Mangrove Capital, First Round Capital and Jonathan Miller, the company’s Board chairman, all participated.Read more

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