Accel Partners, the leading global venture capital firm mostly known with their early support to today’s bigshots like Spotify, Hailo, BlaBlaCar, promotes Philippe Botteri and Michiel Kotting to partner in a move to further expand in European and Israeli markets.
Company says in a press release that the promotions are further demonstration of investment opportunities in the said territories and the team is now the largest since Accel entered the European market in 2000.
Botteri joined Accel in 2011 and has focused on investments in the internet, software and mobile sectors since then. He is the one who closed the investments in BlaBlaCar, Docusign and Hailo. He has a brilliant background, having worked with Bessemer Venture Partners of Silicon Valley and McKinsey & Company previously for their Europe and US operations.
Kotting, on the other hand, led the investments in Vinted and Fiverr and was instrumental in Spotify and Avito fundings. Kotting joined Accel in 2010 following an entrepreneurial journey in Silicon Valley.
Kevin Comolli, Partner at Accel London, said both gentlemen are committed to investing in best early and growth-stage technology companies in Accel’s core areas of expertise across Europe and Israel. He said: “Our overall expanded team brings additional breadth of domain expertise and investment experience. As the level of European entrepreneurship continues to accelerate and our geographic footprint widens, they add critical capacity to our team.”
In addition, it is announced that Chrysanthos Chrysanthou, Luciana Lixandru and Michael Treskow have been appointed as vice presidents.
2013 was a successful year for Accel Partners. Scores included the closing of a new $475M fund, Accel London IV, Supercell’s sale of a 51% stake to SoftBank, and the exits of Kayak.com, OzForex and Ubiquisys. With offices in Palo Alto, London, New York City and Bangalore and a partnership in China, Accel has invested in 500+ companies so far, including Rovio, Cloudera, ComScore, Dropbox, Facebook, Groupon, Kayak, Spotify, Supercell and Wonga.
As a final note, Michiel Kotting was one of the participants in a panel held during Webrazzi Summit last September. Proceed to the video to see more.