With Atoms, Accel hopes to catch unicorns early

  • Accel India is expected to launch a programme called Atoms to identify and target early-stage startups at the pre-seed level.
  • The venture capital firm will offer $250,000 pre-seed capital to each startup as an ‘uncapped convertible note’, which will convert to equity only in the next round, Prayank Swaroop, partner, Accel India, told VCCircle.
  • Accel is launching Atoms at a time when entrepreneurship has rapidly expanded in India alongside investor appetite.