Accel bolsters London team on back of $475m fund close


Global venture capital firm Accel Partners has promoted Philippe Botteri and Michiel Kotting to partner. The firm has also bolstered the London team with three new vice presidents, two associates and an executive in residence.

The expansion is a further demonstration of the investment opportunity in Europe and Israel, Accel said, and the team is now the largest it has been since the firm entered the European market in 2000. This comes on the heels of the closing of the $475m Accel London IV fund in 2013. The London office also oversaw Supercell’s sale of a 51 per cent stake to SoftBank, and the exits of, OzForex and Ubiquisys.

Since joining Accel in 2011, Botteri has focused on investments in the internet, software and mobile sectors. He is responsible for the firm’s investments in BlaBlaCar, Docusign, and Hailo. He also co-led Accel’s investment in HouseTrip, and Crowdstrike. Previously he was at Bessemer Venture Partners in Silicon Valley where he participated in several early stage investments including Cornerstone OnDemand, Eloqua, and Criteo. Prior to Bessemer, Botteri worked with the technology practice of McKinsey & Company in Europe and the US.

Kotting joined Accel in 2010. He is responsible for Accel’s investments in Vinted and Fiverr, and was instrumental in investments in Spotify, Avito, Funding Circle and Calastone. Kotting founded online shopping assistant Digital Jones in 1999, which he sold to, a company he then helped manage from New York and Israel.

Accel has appointed Chrysanthos Chrysanthou, Luciana Lixandru and Michael Treskow as vice presidents. Chrysanthou was previously at Amazon Web Services where he led Business Development with the startup ecosystem, across Europe, Middle East and Africa.

Lixandru joined Accel in 2012 as an associate, focusing on early and growth stage investments. She was previously an associate at Summit Partners in London dedicated to growth technology investments.

Treskow was previously at Warburg Pincus, where he was a member of the TMT Group based in San Francisco.

James Cameron, previously at Stanford Graduate School of Business, and Seth Pierrepoint, previously of Vision Capital, have also joined the team as Associates.

Adrian Asher has also been named as Accel’s latest executive in residence. He was the chief information security officer of Skype during the past five years, a role he also held at Betfair and the Man Investment Group.

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