The VC firm has invested in 60 startups currently valued at over $1 billion in the region. Accel has been one of the most active investors in European tech in recent years, according to Crunchbase.
Pierrepont joined Accel in 2013 and led investments into fintech startup Anyfin and security automation firm Tines, among others. Iconiq Growth primarily invests in technology businesses and has invested more than $5.4 billion across startups valued at $23 billion on paper, Insider previously reported. Iconiq Growth is the venture capital investing arm of Iconiq Capital, the Silicon Valley wealth-management firm that manages billions of dollars of wealth on behalf of clients such as Facebook CEO Mark Zuckerberg, Facebook chief operating officer Sheryl Sandberg, and, ex-Uber CEO Ryan Graves. Pierrepont's departure mirrors the exit of another Accel partner Luciana Lixandru, who became the first European partner at rival firm and early Google and Apple-backer Sequoia Capital in 2020. Lightspeed Venture Partners and General Catalyst have both hired investment partners in Europe. Iconiq is the latest in a line of top-tier US investors to build out operations in Europe, where VC investment into startups broke €100 billion ($113 billion) last year. The San Francisco-headquartered fund, which has backed the likes of Chinese tech giant Tencent and Zoom, has appointed Seth Pierrepont, a long-time partner in Accel's London office. US tech investing giant Iconiq Growth has confirmed its expansion into Europe by hiring its first investment partner in the region, Insider can reveal. Iconiq has been searching for a new partner for Europe for a year.The company has hired long-time Accel partner Seth Pierrepont to lead its expansion into the region.Secretive US fund Iconiq Growth has hired its first European investment partner, Insider can reveal.