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With Atoms, Accel hopes to catch unicorns early
August 31, 2021
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.