Accel Partners news and trends

IFC Places Confidence (And $10 Million) In Power2SME
B2B Payments // September 06, 2017

Months after first signaling plans for the investment, the International Finance Corporation (IFC) has placed $10 million in group buying site Power2SME. Reports Tuesday (Sept. 5) said the IFC, a member of the World Bank Group, had announced the equity investment in the company, which provides...

Investors Avoid Answering Where Wonga Went Wrong
News // October 22, 2014

For the second time, Accel Partners and Balderton Capital have stayed silent about what went wrong with the the payday loans company Wonga, according to an article by techcrunch.com on Monday (Oct. 20). This time, however, the cone of silence was made publicly on stage among a panel of...

Analytics Firm Qubit Picks Up Funding
News // September 30, 2014

Analytics firm Qubit has picked up $26 million in Series B funding, led by Accel Parters, TechCrunch is reporting. “Salesforce Ventures also participated in the round, along with existing investor Balderton Capital. The startup raised a Series A round of $7.5 million in 2012 and...

Invoice2go Gets $35 Million For Small-Business Invoicing
News // September 24, 2014

Small-business invoicing startup Invoice2go has grabbed $35 million in financing — the first outside investment since the company’s founding in Australia in 2002. The new capital from Accel Partners, Ribbit Capital, and Waldorf is being used in part to move the company’s headquarters from Sydney,...

Quick Reads
Payday Lender Wonga Gets £10M Lifeline

August 06, 2018
Payday loans company Wonga has received a much-needed £10 million cash infusion from Accel Partners and Balderton Capital, among others. The funding will help cover compensation claims related to its past censured practices, according to TechCrunch. Founded in the UK in 2006, Wonga had raised a total of around £145.5 million from investors including Accel, […]

IFC Places Confidence (And $10 Million) In Power2SME

September 06, 2017
Months after first signaling plans for the investment, the International Finance Corporation (IFC) has placed $10 million in group buying site Power2SME. Reports Tuesday (Sept. 5) said the IFC, a member...

Investors Avoid Answering Where Wonga Went Wrong

October 22, 2014
For the second time, Accel Partners and Balderton Capital have stayed silent about what went wrong with the the payday loans company Wonga, according to an article by techcrunch.com on Monday (Oct. 20). This...

Analytics Firm Qubit Picks Up Funding

September 30, 2014
Analytics firm Qubit has picked up $26 million in Series B funding, led by Accel Parters, TechCrunch is reporting. “Salesforce Ventures also participated in the round, along with existing investor...