Accel-KKR, a technology-focused private equity firm, has raised $5.3 billion over two funds – $4.4 billion for its seventh flagship fund Accel-KKR Capital Partners VII LP and $920 million for its second emerging buyout fund Accel-KKR Emerging Buyout Partners II LP.

Its flagship fund will continue Accel-KKR’s strategy of making majority buyout investments in lower-middle-market and middle-market software and IT-enabled services companies. The fund includes $300 million from Accel-KKR’s general partner and affiliates. The Emerging Buyout fund will have a special focus on small-cap companies. It includes $72 million from the general partner and affiliates.

“In raising these two new funds, we will continue our long-term strategy of working in partnership with management teams of the companies in which we invest, aggressively supporting their growth objectives by providing capital and operational support to fuel accelerated organic and inorganic growth,” said Tom Barnds, Co-Managing Partner at Accel-KKR.

The Menlo Park, CA-based firm’s most recent platform investments include compensation data and analytics firm Salary.com, UK-based rental payments processor PayProp and workforce management solution StoreForce, among others.

With $19 billion in cumulative capital commitments, was formed in 2000 as a joint venture between venture investor Accel and private-equity firm KKR.