Private Equity

Accel Is A Big Vc Winner In Uipath, Which Is Going Public

by posted 5months ago 38 views
Summary List PlacementThe saying is true of office doughnuts, good theater seats, and startup investing: The early bird gets the worm. Accel is one of the top venture capital firms successfully scouring for and funding tech startups, and its early bet on software maker UiPath is expected to pay off this week. The company, which automates repetitive office tasks with robotic software, is going public after 16 years, and raised $1.3 billion in an IPO it priced late Tuesday at a market cap of around $29 billion, according to a Bloomberg report.

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