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Investments

51

Portfolio Exits

8

Partners & Customers

9

About Accenture Ventures

Accenture Ventures partners with and invests in growth-stage companies that create innovative enterprise technologies.

Accenture Ventures Headquarter Location

Dublin,

Ireland

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Research containing Accenture Ventures

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CB Insights Intelligence Analysts have mentioned Accenture Ventures in 1 CB Insights research brief, most recently on Jul 24, 2019.

Latest Accenture Ventures News

Unreasonable And Accenture Launch Unreasonable CHANGE For Sustainable High-Growth Startups

Jun 29, 2022

New!Follow this author to improve your content experience. Got it! Got it! Rebecca Hui in Bihar, India Taylor Weidman Over the next few years, she devoted more time to addressing a problem: finding mechanisms that would allow artisans to share their rich art work with the rest of the world in a way that would represent their creativity and heritage authentically—while also receiving payment. “I looked at how could we push this work into the world in a way that got people paid and celebrated their work,” she says. Eventually, she developed a solution: digitize designs on everything from tattoos to wood carvings, training local communities in how to do that job, and then license the images to fashion companies and retailers for use on clothing, say, or home décor. In 2017, she launched Roots Studio to make that happen. Since then, she’s been working with artisans in India, Southwestern China, Panama and Indonesia, to name a few places. But Hui has her eyes set on scaling more. So she recently joined the first cohort of the accelerator Unreasonable Group’ s latest collaborative program, called Unreasonable CHANGE , to learn how. Sustainability in Three Areas Presented together with Accenture , the seven-week program aims to support high-growth startups focused on sustainability, zeroing in on three categories: slashing supply chain emissions, shifting consumer behavior to increase purchases of purpose-driven products and navigating complicated energy transitions. MORE FOR YOU Like many Unreasonable programs, CHANGE started off in June with an immersive, in-person week at Unreasonable’s facilities outside London. The rest of the time will be virtual, during which entrepreneurs will work with mentors, industry specialists and each other. When the program is over, they join the Unreasonable Fellowship, a network of investors, mentors and others providing support in perpetuity. Unreasonable plans to run CHANGE for three years although, according to Daniel Epstein, Unreasonable Group’s founder and CEO, it will be extended if all goes well. Some of the other 12 ventures in the program include Goodr Co ., which has a sustainable food surplus management platform aimed at reducing food waste; Ketos , a company with platform for measuring, managing and forecasting water quality and efficiency; and Brink , which has technology that helps EU financial institutions and other corporations navigate the complex regulatory framework and accelerate the allocation of capital to green projects. Linking Startups to Clients Accenture, which helped to select the current cohort, is working with Unreasonable through its initiative Accenture Ventures. That effort typically focuses on earlier-stage companies than is usual at Unreasonable, which targets ventures that are further along in their development, with products and services already in use. With that in mind, Accenture will introduce Unreasonable CHANGE program participants to its many large corporate and government clients, many of which have set sustainability targets and are looking for ways to reach those objectives. “Clients may sometimes be skittish about startups, but we are able to apply some rigor to evaluating them,” says Saideep Raj, global lead of innovation at Accenture. The firm may also invest in a subset of Unreasonable cohort ventures. According to Epstein, Unreasonable sees such collaboration as central to innovation. “Businesses to date have focused on how to have a competitive advantage,” he says. “But we focus on the collaborative advantage. That’s going to be the hallmark of the most successful companies in the modern era.” Follow me on  Twitter . Check out my  website .

Accenture Ventures Investments

51 Investments

Accenture Ventures has made 51 investments. Their latest investment was in Strivr as part of their Series B - II on April 4, 2022.

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Accenture Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/19/2022

Series B - II

Strivr

$35M

Yes

3

4/6/2022

Seed VC

Titan Space Technologies

Yes

2

4/5/2022

Seed VC

Good Chemistry Company

Yes

5

3/29/2022

Series B

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10

2/17/2022

Series C

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$99M

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10

Date

4/19/2022

4/6/2022

4/5/2022

3/29/2022

2/17/2022

Round

Series B - II

Seed VC

Seed VC

Series B

Series C

Company

Strivr

Titan Space Technologies

Good Chemistry Company

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Amount

$35M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

3

2

5

10

10

Accenture Ventures Portfolio Exits

8 Portfolio Exits

Accenture Ventures has 8 portfolio exits. Their latest portfolio exit was MAANA on July 01, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/1/2021

Acquired

$99M

1

3/2/2021

Acquired

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$99M

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10

9/3/2020

Acquired

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$99M

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10

5/12/2020

Acq - Fin

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$99M

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10

12/12/2019

Acquired

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$99M

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10

Date

7/1/2021

3/2/2021

9/3/2020

5/12/2020

12/12/2019

Exit

Acquired

Acquired

Acquired

Acq - Fin

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

10

10

Accenture Ventures Acquisitions

1 Acquisition

Accenture Ventures acquired 1 company. Their latest acquisition was ARCA Worldwide on November 22, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/22/2020

Series A

$99M

$14M

Acquired

1

Date

11/22/2020

Investment Stage

Series A

Companies

Valuation

$99M

Total Funding

$14M

Note

Acquired

Sources

1

Accenture Ventures Partners & Customers

9 Partners and customers

Accenture Ventures has 9 strategic partners and customers. Accenture Ventures recently partnered with Brandix on August 8, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

8/6/2019

Partner

Sri Lanka

Accenture to Support Brandix Accelerate Journey to “Future-Ready” Its Operations.

Manish Sharma , group operating officer for Accenture , said , `` We look forward to continuing our ongoing collaboration with Brandix -- which began in 2013 -- to transform its processes leveraging our global expertise in data science , analytics , consulting , strategy and operations .

1

2/26/2019

Partner

United States

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10

1/8/2019

Partner

United States

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10

11/7/2018

Client

United Kingdom

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10

7/25/2018

Partner

United States

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10

Date

8/6/2019

2/26/2019

1/8/2019

11/7/2018

7/25/2018

Type

Partner

Partner

Partner

Client

Partner

Business Partner

Country

Sri Lanka

United States

United States

United Kingdom

United States

News Snippet

Accenture to Support Brandix Accelerate Journey to “Future-Ready” Its Operations.

Manish Sharma , group operating officer for Accenture , said , `` We look forward to continuing our ongoing collaboration with Brandix -- which began in 2013 -- to transform its processes leveraging our global expertise in data science , analytics , consulting , strategy and operations .

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Sources

1

10

10

10

10

Accenture Ventures Team

2 Team Members

Accenture Ventures has 2 team members, including current President, Managing Director, Thomas M. Lounibos.

Name

Work History

Title

Status

Thomas M. Lounibos

President, Managing Director

Current

Clark Pettit

ABM, Ascent Media Corporation, EMI Music Publishing, and The Dow Chemical Company

Executive Vice President

Former

Name

Thomas M. Lounibos

Clark Pettit

Work History

ABM, Ascent Media Corporation, EMI Music Publishing, and The Dow Chemical Company

Title

President, Managing Director

Executive Vice President

Status

Current

Former

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