Accel launches Atoms program for the early-stage startups
US-based Global venture capital firm Accel launched Accel Atoms on Monday. This is a pre-seed funding program and it will invest $250,000 in startups which have an uncapped convertible.
Through this programme, Accel Atoms will provide one-to-one mentoring and break away from the traditional one-to-many mentoring of regular programmes. The fund aims to invest in D2C brands, consumer apps, insurtech, blockchain,Saas, developer tools, fintech, B2B marketplaces, crypto, cybersecurity, open-source and healthtech startups.
“Basically, we do not take any stake in the company in this round, but the startup gets the money now. And this $250,000 will convert into equity in the next round valuation of the startup,” said PrayankSwaroop, Partner at Accel.
“By joining Accel Atoms, the startup becomes part of the Accel family. They get all the power and access to what any other Accel portfolio gets- support of our investment teams, our venture development teams, access to 200+ founders of Accel portfolio, and access to 1000+ experts from our Accel network,” said Swaroop.
Founded in 1983 in Palo Alto, California, U.S, by Arthur Patterson and Jim Swartz, Accel is an American venture capital firm. This firm works with startups in seed, early and growth-stage investments. It mainly focuses on the technology sectors which includes consumer, infrastructure, media, mobile, SaaS, security, customer care services, enterprise software and e-commerce.
Accel’s seed and early-stage investments include Dropbox, Flipkart, Podium, Slack, Cloudera, Dropcam, Facebook, Jet.com and Webflow. Its growth capital investments focus on more developed companies that need a larger amount of capital to expand their business.
Accel Atoms concentrates on early-stage registered startups. Moreover, even if the startup doesn’t have a product, it can still apply to Accel Atoms.
Accel Atoms is hoping to get most of its admissions through the public launch. Its future goal is to invest in startups from India and Southeast Asia. The team has planned to run 100 days of mentoring programmes twice a year for operational simplicity.
Through this programme, Accel Atoms will provide one-to-one mentoring and break away from the traditional one-to-many mentoring of regular programmes. The fund aims to invest in D2C brands, consumer apps, insurtech, blockchain,Saas, developer tools, fintech, B2B marketplaces, crypto, cybersecurity, open-source and healthtech startups.
“Basically, we do not take any stake in the company in this round, but the startup gets the money now. And this $250,000 will convert into equity in the next round valuation of the startup,” said PrayankSwaroop, Partner at Accel.
“By joining Accel Atoms, the startup becomes part of the Accel family. They get all the power and access to what any other Accel portfolio gets- support of our investment teams, our venture development teams, access to 200+ founders of Accel portfolio, and access to 1000+ experts from our Accel network,” said Swaroop.
Founded in 1983 in Palo Alto, California, U.S, by Arthur Patterson and Jim Swartz, Accel is an American venture capital firm. This firm works with startups in seed, early and growth-stage investments. It mainly focuses on the technology sectors which includes consumer, infrastructure, media, mobile, SaaS, security, customer care services, enterprise software and e-commerce.
Accel’s seed and early-stage investments include Dropbox, Flipkart, Podium, Slack, Cloudera, Dropcam, Facebook, Jet.com and Webflow. Its growth capital investments focus on more developed companies that need a larger amount of capital to expand their business.
Accel Atoms concentrates on early-stage registered startups. Moreover, even if the startup doesn’t have a product, it can still apply to Accel Atoms.
Accel Atoms is hoping to get most of its admissions through the public launch. Its future goal is to invest in startups from India and Southeast Asia. The team has planned to run 100 days of mentoring programmes twice a year for operational simplicity.
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