What is Accelo?
Accelo provides a comprehensive automation platform designed to streamline operations for service businesses and teams. Originally founded in Australia, the company relocated its headquarters to the Bay Area in 2011, establishing a significant presence in San Francisco, with additional offices in Denver, Colorado, and Wollongong, Australia. Its software aims to enhance productivity and efficiency for businesses managing complex service delivery workflows.
How much funding has Accelo raised?
Accelo has raised a total of $11M across 2 funding rounds:
Angel/Seed
$2M
Series A
$9M
Angel/Seed (2015): $2M with participation from Rothenberg Ventures and Blackbird Ventures
Series A (2017): $9M led by Fathom Capital, Level Equity, and Blackbird Ventures
Key Investors in Accelo
Fathom Capital
Fathom Capital is a venture capital firm that focuses on backing deep innovation, supporting startups and entrepreneurs developing groundbreaking technologies. They aim to foster innovation that can lead to significant advancements in various sectors.
Level Equity
Level Structured Capital is a private investment firm that focuses on rapidly growing software and technology-driven businesses, headquartered in New York.
Blackbird Ventures
Blackbird is an Australian venture capital firm that partners with ambitious founders at the very beginning of their journey, investing at every stage of their company's life.
What's next for Accelo?
The recent major strategic investment signals Accelo's transition into a scaling phase, likely focusing on expanding its market reach and enhancing its product offerings. With a history of securing substantial capital, the company is well-positioned to leverage this latest financing for strategic acquisitions, further technological innovation, and strengthening its competitive advantage in the service automation software sector. The company's dual headquarters in San Francisco and operational presence in Australia suggest a global expansion strategy.
See full Accelo company page
