Nov 19, 2018 On Our Blog

500 Startups Vietnam Holds Oversubscribed Final Close (Pho Real!)

Given 500’s mission to back entrepreneurs globally, we strive to go where other investors rarely venture. Several years ago, Vietnam was not an obvious tech investment destination: the country was poor (GDP per capita was barely over US$2k, according to the World Bank), fraught with bureaucracy, and struggling to create an ecosystem for the few, disconnected founders and even fewer active angels and VCs. But entrepreneurial folks did see elements of something special: a fast-growing economy; a substantial supply of low-cost, high-tech talent; and a broad & experienced Vietnamese diaspora increasingly interested to reconnect with and contribute to the country. A new wave of tech founders decided to take the plunge. Despite — or because of — the lack of …


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Jul 6, 2016 On Our Blog

Fintech Investment is Exploding — 5 Ways Governments & Ecosystem Builders Can Help

with Sheel Mohnot Investment in fintech companies is up 8X in the past 5 years, with over 200 financings for a combined $4.9 billion in 1Q2016 alone.   “Silicon Valley is coming. There are hundreds of startups with a lot of brains and money working on various alternatives to traditional banking.” Jamie Dimon, Chairman and CEO of JPMorgan Chase, pointed out: “Silicon Valley is coming. There are hundreds of startups with a lot of brains and money working on various alternatives to traditional banking. They are very good at reducing the ‘pain points’.” Quarterly financing to VC-backed fintech companies has been growing immensely: But investment is not flowing freely everywhere.   For example, in 1Q2016, Chinese fintech companies received $2.4 …


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Mar 7, 2016 Official Announcement

500 Startups Announces $10M Vietnam-focused Fund

We are pleased to announce our latest regional micro-fund, 500 Startups Vietnam. (Tiếng Việt ở dưới) The US$10 million target fund will aim to make 100-150 investments into Vietnam-connected startups: teams addressing Vietnam market needs and Vietnamese teams tackling overseas markets.  Checks will typically be up to $100,000, but may be as high as $250,000.  In addition to financing, portfolio companies will get access to 500 Startups’ international network of 3,000 mentors and founders, $1.5 million of credits with partners like Amazon and Facebook, and other support to help them scale their business. We believe there are many interesting near-term investment opportunities in B-to-B and Enterprise SaaS, Fintech, and E-Commerce, but ultimately we are “vertical agnostic, returns religious”.  The fund …


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