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2, 2012 /PRNewswire/ -- Accel Partners, a leading global venture capital and growth equity firm, announce the addition of Jake Flomenberg and Nick Mehta to their Palo Alto office.
Big Data is the future of IT and we believe Big Data will drive the next-generation of multi-billion dollar software companies," said Ping Li of Accel Partners.
Accel believes that the financial services ecosystem is undergoing massive transformation as companies leverage technology to allow traditionally underserved market segments - specifically SME/SMBs and certain consumer verticals - access to heretofore unavailable financial products and payment methodologies.
As both a CEO and an outside director, I have seen the team at Accel helping entrepreneurs to build both pre-revenue startups and high growth enterprises," said Waldorf.
Backed by Accel Partners, Benchmark Capital, Fidelity Ventures, and Omidyar Network, Prosper has raised approximately $20 million.
Accel Partners' active New York City area investments include industry-leading startups such as: Diapers.
Neeraj Bharadwaj, Managing Director, Accel India Growth, said: "We are delighted to welcome Prateek to the Accel team.
At present, Accel s software unit concentrates on vertical industry segments like BFSI, telecom, ISV s and consumer electronics in the regions of product engineering and R&D services, application development, lifecycle management and managed services.
Jonathan's technical depth combined with customer facing experience makes him well qualified to deepen and expand our customer and channel relationships," said Mark Gianinni, CEO of Accel.
Having already worked with the Accel team as a Google executive and an entrepreneur, I know first-hand Accel's approach to engaging and supporting their companies," said Ms.
Accel has been "clinically shown" to enhance fat burning, it claims.
Moreover, Accel offers one-on-one product support for partners' sub-agent base and ongoing training to keep partners up-to-speed on the latest wireless network solutions.