Accel To Invest Up To $1 Mn In Pre-Seed Startups

Bengaluru: Leading global venture capital firm Accel on Thursday announced the launch of Accel Atoms 4.0, the fourth edition of its pre-seed scaling programme. Selected startups will receive up to $1 million in funding through equity or convertible note, and access perks worth more than $5 million from Accel’s network partners.

Building on the success of three previous editions, the programme is designed to make a founders’ journey as frictionless as possible.

Accel Atoms 4.0 is inviting applications from two categories of pre-seed startups — those building for ‘Bharat’ and AI (artificial intelligence). The VC firm defines ‘Bharat’ as the middle-income households spread across Tier 2, Tier 3 and rural India.