AI Focussed Early Stage Fund Pi Ventures Gets Backing From Accel; Plans To Fund 18--20 Startups A Year - Inc42 Media

Early-stage venture fund, pi Ventures has secured an undisclosed amount of investment from venture capital fund Accel Partners. The World Bank's financial arm, International Finance Corporation (IFC) has also proposed to make an equity investment of $3 Mn in the fund. This investment would be made through the IFC Startup Catalyst (ISC) programme. Commenting on the development, Manish Singhal, Founding Partner, pi Ventures said, "Accel has played a key role as they have been good mentors and go to guys for us. We are working on some investments along with them as well. So, it is good to get them on board as investors in the fund. Also, we are excited that IFC is considering us. The process is still on."