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acceleration-group.com

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Investments

60

Portfolio Exits

16

About The Accelerator Group

The Accelerator Group (TAG) is an advisor and investor in early stage and start-up companies.

The Accelerator Group Headquarter Location

London, England,

United Kingdom

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Latest The Accelerator Group News

CIE at IIITH Conducts Survey on AI Startups in Hyderabad

Jul 27, 2021

PRNewsWire India In Partnership With T-incubators Accelerator Group HYDERABAD, India, July 27, 2021 /PRNewswire/ -- Centre for Innovation and Entrepreneurship (CIE at IIITH) along with T-incubators Accelerator group conducted a survey to build a database of AI startups in Hyderabad. The data will enable an ecosystem where prospective investors, government agencies, startups and incubators can have access to information on AI startups in the city. The findings of the report are helpful in understanding the domains in which AI is being used. Various academic institutions like the IIITs, IITs are working closely with these startups to bridge the gap between emerging problems and their research using AI. The report profiles AI startups in Hyderabad based upon a survey of various incubators, accelerators, and startup programs in the city. Startups that are either based out of or are a part of a medium- term program in the city have been considered and have been analysed to present a view of the AI innovation ecosystem in the city. While most of the startups in this section have received pre-seed funding, building an ecosystem around AI startups will help startups gain better traction for sustainable growth. The findings of the survey show that: Medtech domain holds tremendous potential given that Hyderabad is home to several life sciences research institutions like CCMB, IKP, UOH, etc. Text analytics have seen a boom in recent years as the documentation online needs to have proper validation. Graduates from top universities have played a pivotal role in encouraging their peers to pursue entrepreneurship. Commenting on the survey, Prof Ramesh Loganathan, Chief Operating Officer, CIE at IIITH, said, "The visibility and understanding of the early stage startups is always very elusive. I am happy to see this profile of AI startups in the city. We should do more". While this report was initiated in April 2021, the application to fill further startups names is open. The aim of this report is to strengthen and build the ecosystem around startups in Hyderabad which are not only AI-based, but also from other technologies. The report is viewable at https://cie.iiit.ac.in/survey-of-ai-startups-in-hyderabad-2021/ About CIE@IIITH: Centre of Innovation and Entrepreneurship, also known as CIE@IIITH is a DST approved incubator operational since 2008. CIE@IIITH has so far supported around 200+ startups and has seed- funded 30 startups. CIE@IIITH was also instrumental being the kiln of the initiatives that culminated into the foundation of T-Hub. Along with developments in AVISHKAR, CIE@IIITH is also focusing on turning a new leaf in terms of infrastructure facilities, programmes and startup engagements focusing towards building a deep tech startup ecosystem. New working spaces are launched, seed funding programmes, structured workshops and mentoring opportunities and technology transfer facilitation are also being deployed now. Visit https://cie.iiit.ac.in for more details. About IIIT-Hyderabad: The International Institute of Information Technology, Hyderabad (IIIT-H) is an autonomous research university founded in 1998 that focuses on the core areas of Information Technology, such as Computer Science, Electronics and Communications, and their applications in other domains through inter-disciplinary research that has a greater social impact. Some of its research domains include Visual Information Technologies, Human Language Technologies, Data Engineering, VLSI and Embedded Systems, Computer Architecture, Wireless Communications, Algorithms and Information Security, Robotics, Building Science, Earthquake Engineering, Computational Natural Sciences and Bioinformatics, Education Technologies, Power Systems, IT in Agriculture and e-Governance. Website: www.iiit.ac.in

The Accelerator Group Investments

60 Investments

The Accelerator Group has made 60 investments. Their latest investment was in Wise as part of their Series B on June 6, 2014.

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The Accelerator Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/10/2014

Series B

Wise

$25M

No

2

3/25/2014

Seed VC - II

Nuji

$2M

Yes

Samos Investments, Seedcamp, and Undisclosed Angel Investors

3

7/25/2013

Series A

Adzuna

$1.53M

No

2

5/14/2013

Series A

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$99M

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10

4/22/2013

Series B - II

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10

Date

6/10/2014

3/25/2014

7/25/2013

5/14/2013

4/22/2013

Round

Series B

Seed VC - II

Series A

Series A

Series B - II

Company

Wise

Nuji

Adzuna

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Amount

$25M

$2M

$1.53M

$99M

New?

No

Yes

No

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Co-Investors

Samos Investments, Seedcamp, and Undisclosed Angel Investors

Sources

2

3

2

10

10

The Accelerator Group Portfolio Exits

16 Portfolio Exits

The Accelerator Group has 16 portfolio exits. Their latest portfolio exit was Riskified on July 28, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/28/2021

IPO

$99M

8

6/18/2021

IPO

1

5/28/2020

Acquired

7

4/29/2020

Acquired

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10

7/25/2017

Acquired

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10

Date

7/28/2021

6/18/2021

5/28/2020

4/29/2020

7/25/2017

Exit

IPO

IPO

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

Acquirer

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Sources

8

1

7

10

10

The Accelerator Group Team

1 Team Member

The Accelerator Group has 1 team member, including current Founding Partner, Upendra Shardanand.

Name

Work History

Title

Status

Upendra Shardanand

Founding Partner

Current

Name

Upendra Shardanand

Work History

Title

Founding Partner

Status

Current

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