"Access embraces disruptive thinking and big ideas."
— Eric Wu, CEO Opendoor
"Access is the long-term capital that perfectly aligns with our strategic objectives at DigitalOcean."
— Yancey Spruill, CEO DigitalOcean
"Access is a deeply committed partner to Chime providing both strategic insights and flexible, long-term capital."
— Chris Britt, CEO Chime
"We are very grateful for the support and partnership of Access."
— Evan Spiegel, CEO Snap
"Access is a great partner that delivers both financial resources and strategic value."
— Spotify
“Access supported us through our IPO and continues as a long-term public shareholder.”
— Sarah Friar, CFO Square
Our Investments
Our Investment Philosophy
At Access Technology Ventures, our mandate is to be flexible, long-term partners to market-leading technology companies.
We seek to invest in and build foundational companies that touch millions of customers across the consumer and enterprise technology ecosystems.
Our Story
Access Technology Ventures is the $2+ billion venture capital and growth technology investment effort of Access Industries, a privately held, US-based industrial group with global strategic investments of $20+ billion. Our portfolio includes leading technology companies such as Alibaba, Amazon, Digital Ocean, Facebook, Opendoor, PinDuoDuo, Snap, Square, and Tencent Music.
Access Industries was founded in New York in 1986 by Len Blavatnik, a global entrepreneur and philanthropist.
Access Industries invests in industries where it can maximize long-term value by developing regional and global market-leading companies. The group is headquartered in New York, with an office in London.
In the News
Crunchbase
New York’s Newest Unicorn: DigitalOcean Raises $50M At $1.15B Valuation
May 14, 2020
Access Industries led the financing, which included participation from Andresseen Horowitz (a16z).
In a written statement, Access Industries Managing Director Pueo Keffer said his firm remains “extremely impressed” with DigitalOcean and its management. “[We] believe that both are well positioned to transform the cloud space for developers and SMBs in the years ahead,” he added. More
GlobeNewswire
DigitalOcean Announces $50 Million in New Funding from Existing Investors Access Industries and Andreessen Horowitz
May 14, 2020
DigitalOcean, the cloud for developing modern apps, today announced it has closed a $50 million Series C funding round led by Access Industries, with participation from Andreessen Horowitz (a16z).
"We are excited about this investment to support DigitalOcean as it enters its next phase of significant growth,” said Pueo Keffer, managing director at Access Industries. “We remain extremely impressed with the company and its management and believe that both are well positioned to transform the cloud space for developers and SMBs in the years ahead.” More
Financial Times
US investors throwing money at hottest start-ups
January 6, 2020
The US challenger bank Chime quadrupled its valuation over the past nine months, and investors still offered it about $1.8bn when it decided to raise $500m in December, according to one person with direct knowledge of the process.
“The momentum of the business is very strong,” said David Yang, an investor at British
billionaire Len Blavatnik’s Access Technology Ventures, the largest new participant in Chime’s
funding round. “Opportunistic is probably a good way to describe it — to continue fuelling
growth.”
More
Forbes
Digital Bank Chime Now Has A Valuation Of $5.8 Billion
December 5, 2019
Chime, the digital bank, now boasts a valuation of $5.8 billion, after raising $500 million in a fresh round of fundraising. Among the leaders in this new crop of mobile and digital-only banks, Chime had a valuation of $1.5 billion back in March when it raised $200 million in funding. More
Wired
China Has an Ecommerce Giant You’ve Never Heard Of
September 9, 2019
Pinduoduo draws shoppers outside China's big cities with low-priced goods. It trails only Alibaba in number of users, and has a larger market cap than eBay. Its 366 million monthly active users trail only Alibaba, outranking better-known rivals such as JD.com. Last month, Pinduoduo reported that second-quarter revenue had more than doubled from a year earlier. Its $40 billion market value exceeds eBay’s and places it among China’s five most valuable internet companies. More
PR Newswire
Opendoor Acquires Title and Escrow Company OS National
September 5, 2019
Opendoor, the nation's fastest-growing online real estate marketplace that's simplifying the way people buy and sell homes, announced today that it has acquired OS National, LLC (OSN), a national title and escrow company that has been one of Opendoor's trusted partners since 2016. OSN will join Opendoor as a wholly-owned subsidiary. More
PR Newswire
Opendoor and Redfin Partner to Provide More Options to Home Sellers
July 11, 2019
Opendoor and Redfin, two of the nation's largest technology-powered real estate companies, today announced home sellers in Phoenix and Atlanta can now request an Opendoor offer through Redfin's site and mobile apps. By coming together, Opendoor and Redfin are giving homeowners more options for selling their home in a simple and convenient way. Redfin will also continue to expand RedfinNow, its own instant offer service. More
PR Newswire
Haoqipei Secures US $60 Million in Series D Funding to Further Accelerate Growth of its Online B2B Auto Parts Marketplace
June 19, 2019
Business-to-business (B2B) auto parts trading platform Haoqipei today closed US $60 million in Series D financing to continue its rapid growth across China. Access Technology Ventures led the round, adding David Yang to the Haoqipei Board of Directors. Additional participants in the financing included existing investors XVC Venture Capital, Jeneration Capital, DCM and SIG. More
The Wall Street Journal
The Future of Housing Rises in Phoenix
June 19, 2019
Armed with loads of cash and the latest in machine learning, investors are reshaping the $26 trillion market for U.S. residential real estate, starting in Phoenix, the petri dish for America’s housing experiments. At the edge of the city’s stucco sprawl, a beige, three-bedroom house with a gravel yard sold last month for $240,000. The seller, Opendoor Labs Inc., paid $215,000 for the house in January, replaced carpet and repainted, and put it back on the market. More
TechCrunch
Opendoor raises $300M on a $3.8B valuation for its home marketplace
March 20, 2019
Last month, we reported that Opendoor — the startup that is taking on the real estate industry with its own platform for buying up homes and selling them on to interested buyers — filed to raise $200 million on a $3.7 billion valuation. Now, we can confirm that the round has closed, and it has turned out to be higher on both counts: The company has raised $300 million, and sources close to it tell TechCrunch that the valuation is now at $3.8 billion. More
China Money Network
DCM Ventures Co-Invests In Chinese B2B Auto Parts Trading Platform Haoqipei
January 7, 2019
Chinese business to business (B2B) auto parts trading platform Haoqipei announced today that it has secured a US$60 million series C round of financing led by venture capitalist DCM Ventures and Hong Kong-based investor Jeneration Capital. More
CNBC
Tencent Music ends its first day of trading up 9 percent
December 12, 2018
Tencent Music Entertainment Group popped in its debut on the public markets Wednesday, closing the day up 9.2 percent at $14.19 per share. More