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Accel Partners backs AirWatch with $25m

16 May 2013

dollar3_170sqVenture capital firm Accel Partners has thrown its support behind mobile security and enterprise mobility management specialist AirWatch by investing $25m as an expansion of its Series A round.

The funds will be used for the expansion of its research and development teams and development of the Secure Content Locker content collaboration software.

AirWatch said that it currently secures 500 new clients per month its client base includes companies such as Delta, United Airlines, Bureau of Alcohol Tobacco, Spanska, PepsiCo and Best Buy.

Accel partner Ryan Sweeney said, “We are proud to have partnered with both Insight Venture Partners and the best management team in mobile enterprise at AirWatch.

“We believe that enterprise mobility currently represents the next big secular technological shift we will encounter, and AirWatch has emerged as the dominant company in this increasingly important category.”

Accel Partners, which is headquartered in Palo Alto, currently has $9.6bn of invested capital.

The firm has recently participated in $15m financing round for the identity services company ForgeRock along with Foundation Capital.

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