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Founded in 2000 as a joint venture between venture capital firm Accel Partners and private equity firm Kohlberg Kravis Roberts, Accel-KKR is a technology-focused private equity firm based in Menlo Park, California. The organization invests in middle-market software and technology-enabled services companies globally, providing buyout capital, minority-growth investments, and alternative credit solutions to support corporate recapitalizations, strategic acquisitions, and going-private transactions. Across its buyout, growth capital, and credit funds, the firm manages $23 billion in committed capital and has invested in or acquired over 500 technology companies. Recent fundraising efforts include closing its seventh flagship buyout fund with $4.4 billion in commitments and its fourth growth capital fund at $1.35 billion. Led by Co-Managing Partners Tom Barnds and Rob Palumbo, the firm's investment portfolio features notable software and technology businesses, including SugarCRM, FastSpring, and Seequent.
Key people at Accel-KKR.
Accel-KKR was founded in 2000 by Tom Barnds (Founder & Managing Director) and James Breyer (Co Founder) and Rob Palumbo (Founder & Managing Director) and Paul Hazen (Founder) and Jim Breyer (Co-Founder).
Accel-KKR is a technology-focused private equity firm that partners with mid‑market and growth-stage software and tech‑enabled services companies, providing capital and hands‑on operating support to accelerate scale and profitability[3][6].
High-Level Overview
Origin Story
Core Differentiators
Role in the Broader Tech Landscape
Quick Take & Future Outlook
Quick reiteration: Accel‑KKR is a specialist private equity partner for software and tech‑enabled services that combines sector expertise, proprietary benchmarking and in‑house operating teams to help mid‑market companies scale revenue and improve profitability[3][1].[3]
Accel-KKR has 3 tracked investments across 3 companies. The latest tracked deal is $50.0M Other Equity in Partnerize in January 2020.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jan 9, 2020 | Partnerize | $50.0M Other Equity | Accel KKR | Silicon Valley Bank |
| Jun 18, 2018 | Acumatica | $25.0M Series C | Accel KKR | — |
| Feb 1, 2014 | RiseSmart | $11.0M Series U | Accel KKR | Storm Ventures, Norwest Venture Partners |
Key people at Accel-KKR.
Accel-KKR was founded in 2000 by Tom Barnds (Founder & Managing Director) and James Breyer (Co Founder) and Rob Palumbo (Founder & Managing Director) and Paul Hazen (Founder) and Jim Breyer (Co-Founder).