Accel, Prosus to pour $1 mn in each startup via Atoms X

Accel and Prosus have not decided on the equity stake either of them will take in the firms

- Twit. [e-mail]

Tech investor Prosus' decision to back founders from the X programme is rooted in its philosophy of backing companies that can scale to become generational behemoths.

(ISTOCKPHOTO)

Global investment firms Prosus and Accel will each provide $1 million to very early-stage companies that are part of Accel’s new Atoms X accelerator.

Atomsis Accel’s pre-seed accelerator programme for Indian and Indian-origin founders across the world, launched in 2021. The newly introduced *X’ track within Atoms, which debuted in July, zeroes in on what the firm calls ‘leap tech ideas’—ventures pushing the frontier of technology, business, or product innovation.

“The idea is to back a new era and evangelise an entire movement across abolder flavour of entrepreneurship,” Pratik Agarwal, partner at Accel and head of the Atoms X programme told Mint. Agarawal focuses on the firm’s investments in Al, cloud, Software asa Service (SaaS) and consumer tech.