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Organization

Accel

American venture capital firm; Facebook's first venture investor.

4 links, 4 backed by primary records

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Also known as
Accel Partners
Over time
  1. people who worked here Jim Breyer (Partner) 1987 –

Accel invested $12.7 million in Facebook in May 2005, at the urging of its partner Jim Breyer, who joined Facebook’s board.

Connections 4

people who worked here

invested in

  • Meta Platforms May 2005 lead investor, 2005 round, $12.7M Primary record 12

    Widely reported as Facebook's Series A. Facebook's 2012 prospectus dates its Series A financing to 2005 and lists Accel among the parties to its investors' rights agreement.

  • Scale AI May 2017 led $4.5 million Series A Primary record 345

    Round total, not Accel’s share. May 2017 is the announcement date given by Scale’s 2018 release and Accel’s 2018 post; Scale’s own post is dated 2017-07-16.

  • Scale AI 21 May 2024 led $1 billion Series F at a $13.8 billion valuation Primary record 678

    Round total, not Accel’s share; a mix of primary and secondary funding.

Timeline 4 dates
  1. 1987 – Jim Breyer worked at Accel
  2. May 2005 Accel invested in Meta Platforms
  3. May 2017 Accel invested in Scale AI
  4. 21 May 2024 Accel invested in Scale AI
Proof 8 sources
  1. Facebook, Inc. registration statement (Form S-1), February 2012, Meta Platforms, 1 Feb 2012. Primary record
    Mr. Breyer has been a Partner of Accel Partners, a venture capital firm, since 1987.
    along with entities affiliated with Mr. Thiel, Accel Partners, and DST Global Limited, as well as certain other parties, are parties to the IRA. We originally entered into the IRA in connection with our Series A financing in 2005
  2. Jim Breyer (via Accel Partners), CNBC, May 2012. Scholarship & press
    In May 2005, at Breyer's urging, Accel invested $12.7 million in Facebook, and Breyer added $1 million of his own money to the pot.
  3. Announcing Our Series A With Accel, Scale AI, 16 Jul 2017. Primary record
    We are excited to announce that we have raised a $4.5 million Series A round of funding led by Accel. Along with this funding, Accel’s Daniel Levine has joined Scale’s board.
  4. Scale Announces $18 Million in Series B Funding Led by Index Ventures, Index Ventures, 7 Aug 2018. Primary record
    including a $4.5 million Series A in May 2017 led by Accel and Y Combinator.
  5. The Next Step of AI: Our Continued Investment in Scale, Accel, 9 Aug 2018. Primary record
    Since the Series A announced in May 2017, Scale has made a ton of progress.
  6. Scale’s Series F: Expanding the Data Foundry for AI, Scale AI, 21 May 2024. Primary record
    Scale has closed a $1B financing transaction at a $13.8B valuation. The financing, a mix of primary and secondary, is led by existing investor Accel
  7. Our Continued Partnership with Scale, Accel, 21 May 2024. Primary record
    Today, Scale announced that Accel led its Series F, with coverage in Bloomberg and The Financial Times, and others.
  8. Amazon, Meta back Scale AI in $1 billion funding deal that values firm at $14 billion, CNBC, 21 May 2024. Scholarship & press
    Scale AI has raised $1 billion in a Series F funding round that values the enterprise tech company at $13.8 billion — almost double its last reported valuation.
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