The firm said, “Among the many reasons we invested, nothing speaks more to our excitement than the raw creativity VSCO fosters on its platform.
“For us, VSCO follows a long line of investments in companies powering the creative web — we love entrepreneurs who enable and inspire through great products and user experiences. With companies like Etsy, Squarespace, lynda.com, Prezi, Campaign Monitor, Atlassian, Pixate, Dropbox and others, we’ve long sought-out and backed businesses that support creatives at all phases of their lifecycle — from creation through distribution.”
This round of financing will go towards building more tools and services for the VSCO platform, the company said, as well as building out its team.
Earlier this year Accel raised almost $1.5bn in new capital across a pair of fundraises, pulling in $1bn from 131 LPs for Accel Growth Fund III, while also collecting $475m for an early-stage fund.
The firm had been on a fundraising spree in the past few years, gathering $875m for Accel Growth Fund II and $475m for Accel XI Fund in 2011.
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