According to half a dozen sources, Accel, the global venture firm, is in advanced discussions to lead a funding round of $ 30 million to $ 40 million in Truemeds, an Indian online pharmacy that’s focused on providing customers with more affordable generic alternatives to costly branded medications. The talks are currently centered on a […]
Accel, Docker and Redis will discuss what’s next in open source as a business model at TechCrunch Disrupt 2024
As companies grapple with the challenge of developing a sustainable business without sacrificing their core principles, open source has evolved from a niche approach to software development into the business model of many successful tech companies. Its principles of transparency and collaboration have fueled innovation, but balancing these ideals with the practical demands of leading […]
Axle Energy’s sprint to decarbonize the grid lights up with $9M seed led by Accel
The challenge of integrating renewable energy sources into the grid is a fast-unfolding startup opportunity. U.K.-based Axle Energy jumped on the chance to accelerate grid decarbonization when the business was founded early last year. The global spike in energy prices triggered by the Ukraine war had pushed the idea of building software to support the […]
Accel turns to rural India in hunt for future unicorns
Accel, one of the most prolific e-commerce and marketplace investors in India, is making a contrarian move by turning its focus to smaller towns and villages in search of future unicorns. The venture firm argued on Wednesday that these areas, which it refers to as “Bharat,” represent a significant market ripe with opportunities for entrepreneurs […]
Accel has a fresh $650M to back European early-stage startups
Early-stage rounds continue to account for the majority of investments in the European startup market, and on Tuesday one of the biggest firms in the region announced a new fund to bolster that trend. Accel has raised $ 650 million to back startups from seed to Series A across the U.K., the Continent and Israel. […]