500’s mission is an ambitious one.

To discover and back the world’s most talented entrepreneurs, create successful companies at scale, and build thriving global ecosystems.

Over the past eight years, 500 has accomplished a great deal. Today we manage over $400 million in committed capital and have invested in over 2,000 companies across more than 60 countries around the world, as well as mentored and coached thousands of founders through our Seed and Series A Programs. Notable 500 family include Twilio (NYSE: TWLO), SendGrid (NASDAQ: SEND), Credit Karma, Canva, Grab, Carousell, Udemy, and Talkdesk.

In the early days, many wondered why we were so bullish on going global and investing outside of Silicon Valley. As the world gets smaller, and as tech ecosystems around the world mature and thrive, we’re proud to have been early believers in the notion that talented founders and promising businesses exist everywhere – in Mexico City, Seoul, Istanbul, Lisbon, Singapore, Jakarta, Amman, Cairo, São Paulo, Provo, Los Angeles, Denver, and the list goes on.

However, our mission is far from done. We’re ready to take 500 to the next level.

Today, we announced that ADFG has made a strategic investment into 500. This is an investment into the overarching parent entity of 500. Through this investment, ADFG will hold a strategic stake in 500 and will be injecting substantial capital to accelerate the growth of our key initiatives, expand into new markets, and anchor future 500 funds. ADFG will also be joining our Board of Officers.

Over the last few years, we have gotten to know ADFG through their involvement as an LP in our previous funds and found that we have a strong alignment on vision and complementary strengths. We are proud to be expanding our relationship through this new investment and welcoming ADFG to our Board.

We look forward to working together to help accelerate 500’s future growth, invest in more promising companies, and further achieve our mission as one of the most active global VC firms in the world.