Jun 4, 2018 On Our Blog

Why we’ve been cutting really large follow-on checks

Photo of Carousell’s founders giving Khailee Ng, Managing Partner of 500 Startups, a T-shirt as VC initiation back in 2013 when 500 Startups invested in Carousell’s first round of financing. 500 has ambitions to be the most global Silicon Valley VC firm and invest in companies at the early stages. However, I wanted to take time to explain the larger-than-usual follow-on checks that we have been cutting. Recently, 500 wrote a $20 million follow-on check into Singapore-based Carousell’s recent $85M Series C. Earlier in the year, we led and filled an entire Series B of $13.3M for one of Japan’s hottest startups, SmartHR. We have historically doubled down on many of our top investments, but not at these check sizes. …


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May 1, 2017 Official Announcement

Indonesia Team Expands with Ashraf Sinclair as Latest Venture Partner

We welcome Ashraf Sinclair to the 500 Startups Southeast Asia team (also known as 500 Durians)  to help find and select the next wave of Indonesia investments. I personally relocated to Indonesia for close to a year now, in an effort to significantly deepen our coverage in Indonesia, and this is the first of more new 2017 hires to be announced. Ashraf is known locally as a celebrity actor. Aside from Ashraf’s career in the entertainment industry, he is also a seasoned business person, having started restaurants, gyms, content and production agencies, and most recently co- produced a sold out 3,500 person solo concert for his wife, Bunga Citra Lestari, Indonesia’s Award Winning Singer Actress. I’ve know him for the …


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Oct 4, 2016 Official Announcement

500 Startups Doubles Down on Durians: New $50M Fund II for Southeast Asia

Currently, 1/4 of our Southeast Asia portfolio companies have raised > $2 Billion US dollars for further growth, and none of them have shut down. Our thesis being that some of these companies will grow to be Southeast Asia’s next generation of startup success stories. The return of the King (of fruits) Our second fund, 500 Durians II, builds on this momentum. We target to raise a $50M* fund to invest $50K to $150K in ~200 more seed stage companies. Historically, we’ve primarily invested alongside other seed stage and angel investors that we’ve grown to trust and respect and will continue to do that. The $50M fund will also allow us to follow-on with up to $500K of additional capital in …


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Aug 17, 2015 On Our Blog

500 Startups Announces New Investment Partners in Vietnam

500 Startups is proud to announce Binh Tran and Eddie Thai as venture partners. This comes shortly after increased efforts in Southeast Asia, including the launch of growth-stage acceleration service “Distro Dojo” in Malaysia, the 500 TukTuks fund for Thailand, and the extension of 500 Durians for Southeast Asia. Binh Tran brings more than 20 years of experience in tech.  A technologist and a four-time founder, his latest win was Klout, the Kleiner Perkins-backed social marketing startup that was acquired in 2014 at a US$200M valuation.  Binh will reside both in San Francisco and Ho Chi Minh City, allowing him to work with Vietnamese American founders building startups for their homeland as well as supporting teams with global aspirations. Binh …


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