Inside the Briefcase
Accel Creates $100 Million Fund For Big Data
November 9, 2011 No CommentsSOURCE: Accel Partners
Accel Partners, the venture firm behind Facebook, Groupon and other hot consumer companies, is creating a $100 million fund dedicated to a different area: big data.
Accel has already been investing in this space with companies such as Cloudera and Fusion.io (story) and QlikTech. The firm actually has a long background in enterprise software before it became known for Facebook. With the new big data fund, which will operate globally across its offices in the U.S., U.K., China and India, Accel is hoping to fund more such companies. The firm is looking for startups “across the big data stack,” says Accel partner Ping Li. That includes infrastructure, storage, security, and data management, as well as applications built on top of that infrastructure such as business intelligence, collaboration, mobile, apps, and the like.
