About Accelo
Accelo is a company based in San Francisco (United States) founded in 2009 was acquired by Bow River in February 2024. It operates as a SaaS (Software-as-a-Service), and Subscription Services. Accelo has raised $13 million across 3 funding rounds from investors including Level Equity, Blackbird Ventures and Fathom Capital. Accelo has completed 1 acquisition, including Forecast. Accelo offers products and services including Accelo PSA Software, Client Management, Project Management, Resource Management, and Financial Management.
- Headquarter San Francisco, United States
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Accelo, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$13 M (USD)
in 3 rounds
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Latest Funding Round
$9 M (USD), Series A
Sep 25, 2017
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Investors
Level Equity
& 4 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Bow River
(Feb 29, 2024)
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Products & Services of Accelo
Accelo offers a comprehensive portfolio of products and services, including Accelo PSA Software, Client Management, Project Management, Resource Management, and Financial Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for managing clients, projects, and resources efficiently.
Tool for managing client interactions and relationships effectively.
Solution for tracking projects, tasks, and budgets accurately.
Platform for scheduling and optimizing team resource allocation.
System for invoicing, billing, and revenue tracking purposes.
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Funding Insights of Accelo
Accelo has successfully raised a total of $13M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $9 million completed in September 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $9.0M
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First Round
First Round
(30 Jun 2015)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2017 | Amount | Series A - Accelo | Valuation | Level Equity | |
| Jul, 2015 | Amount | Seed - Accelo | Valuation |
investors |
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| Jun, 2015 | Amount | Seed - Accelo | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Accelo
Accelo has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Level Equity, Blackbird Ventures and Fathom Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Middle-market growth capital investments are targeted by Level Equity.
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Founded Year | Domain | Location | |
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Investments are made in seed, early, and later-stage tech companies.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Accelo
Accelo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Forecast. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Web-based platform for AI-driven project management and tracking.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Accelo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Accelo Comparisons
Competitors of Accelo
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Accelo
When was Accelo founded?
Accelo was founded in 2009 and raised its 1st funding round 6 years after it was founded.
Where is Accelo located?
Accelo is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Accelo a funded company?
Accelo is a funded company, having raised a total of $13M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Jun 30, 2015.
What does Accelo do?
Accelo is known for delivering a comprehensive professional services automation platform that supports businesses in managing client relationships, projects, resources, and financial operations. The software is utilized across various industries including consulting, accounting, architecture, agencies, IT, and software engineering. Solutions offered by Accelo include client management, project tracking, resource scheduling, invoicing, and business intelligence through real-time analytics. Integrations with other business systems are provided to streamline operations and enhance productivity.
What products or services does Accelo offer?
Accelo offers Accelo PSA Software, Client Management, Project Management, Resource Management, and Financial Management.
How many acquisitions has Accelo made?
Accelo has made 1 acquisition, including Forecast.
Who are Accelo's investors?
Accelo has 5 investors. Key investors include Level Equity, Blackbird Ventures, Fathom Capital, Rothenberg Ventures, and Bow River Capital.
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