Investor · 2 deals
Silicon Valley
Every published round Accel-KKR took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Pegasus | Unnamed stage | 15 Jan 2020 | $28m | Participant | ARN (ARNnet), SmartCompany | |
| Humanforce | Series A | 30 Jan 2019 | $22.5m | Lead | SmartCompany (Mon 6 Jun 2022), SmartCompany (Tue 23 Jul 2019), SmartCompany (Wed 30 Jan 2019), Startup Daily |
Companies Accel-KKR has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Humanforce | 30 Jan 2019, Series A | 1 | 1 | |
| Pegasus | 15 Jan 2020 | 1 | 0 |
Fund closes reported for Accel-KKR, as distinct from the investments it has made.
Companies Accel-KKR has backed that another company then bought. An exit for the holding, not a deal Accel-KKR did.
Companies Accel-KKR acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Company | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Phocas | Acquisition | 15 Oct 2025 | $500m+ | OneVentures portfolio (Fri 17 Apr 2026), OneVentures portfolio (Mon 12 Jan 2026), phocassoftware.com, AFR Technology |
| Humanforce | Acquisition | 23 May 2022 | $60m | Startup Daily (Thu 9 Feb 2023), Startup Daily (Mon 23 May 2022) |
| Name | Role | Sources |
|---|---|---|
| Christian Stewart | Investor (former) | sundancegrowth.com, Business News Australia, guardhousehq.com, theretaildata.com, tmcnet.com |
Stories naming Accel-KKR. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Australian security-workforce software firm Guardhouse has bought US patrol-verification company Mobohubb, with growth-equity backer Sundance Growth — whose first fund closed at US$125 million last year — supporting the deal.
Guardhouse, which builds workforce software for security firms, has acquired field-operations tool Mobohubb, with investor Sundance Growth backing the deal; the article also recalls Sundance's $125m debut fund from 2025.
Also sundancegrowth.com·Business News Australia·bsia.co.uk·sundancegrowth.com·securityjournaluk.com·mobohubb.com·securityinfowatch.com
Orbweaver has bought POS-data analytics firm Budde Marketing Systems to broaden its electronics supply-chain platform; growth equity backer Sundance Growth supported the deal, having closed its debut $125m fund in 2025.
A fund's insights listing: its headline flags Vaxxas naming an ex-Merck vaccines chief as CEO, while linked teasers report Eucalyptus' $1.6b sale and Accel-KKR's takeover of Phocas.
Also OneVentures portfolio·AFR Technology·phocassoftware.com
Phocas Software's chief executive recounts selling a majority stake to Accel-KKR, the company's bootstrapped two-decade growth, and its expansion plans across international markets.
Sydney workforce-management firm Humanforce has bought Brisbane HR software company intelliHR for $77 million, its third acquisition since private equity firm Accel-KKR invested in 2022.
Humanforce has bought Wagestream's Australian arm, formerly Earnd, for an undisclosed sum. The article recalls Earnd's 2019 raise, its sale to Greensill, rescue by Wagestream, an A$81m Series C, and Humanforce's earlier acquisitions.
Elmo Software confirmed takeover approaches including from Accel-KKR, sending its ASX shares up 28%, though no deal is agreed. The Sydney HR software firm listed in 2017; AustralianSuper and Cooper Investors hold major stakes.
Ignition Lane's weekly tech roundup covering fresh Australian startup raises, new venture funds and closes, a wave of acquisitions, delistings and a liquidation, executive moves, and Canva's product launch.
Also Centerstone Capital portfolio·Startup Daily·SmartCompany·6clicks.com·ARN (ARNnet)·Centerstone Capital portfolio·Techboard·Startup Daily
Interview with Humanforce founder Bruce Mackenzie on leaving the workforce-management firm he built after its sale, reflecting on bootstrapping, early funding, and how founders know when to exit.
Weekly tech wrap: cloud-market trends, Tiger Global's cheques into Stake, Shippit and Carma, new VC funds, several acquisitions, grocery delivery startups Send and Quicko collapsing, and Elaine Stead joining M8 Ventures.
Also Startup Daily
Newcastle-based workforce management software firm Pegasus has agreed to be acquired by Utah supply chain risk vendor Avetta, becoming its Australian base; Accel-KKR had earlier invested in Pegasus.
Also SmartCompany
Newcastle workforce-management firm Pegasus has raised $28 million from Accel-KKR to expand overseas, with the investor's principal joining its board and a specialist chairman added for the raise.
Also ARN (ARNnet)
Delivery startup Sendle has closed a $20 million Series B led by Federation, with three other backers, and separately Humanforce has raised $22.5 million from Accel-KKR for overseas expansion.