1 min read

AirAsia launches venture capital fund in the US and strategic partnership with 500 Startups

500 Global Team

Published

04.03.19

Today we would like to tell you about our dear friends, AirAsia.

AirAsia is a $2 Billion dollar public company running the largest low-cost airline in Asia, shuttling 90 million passengers to 140 locations a year. Founded by the dynamic entrepreneur Tony Fernandes, AirAsia is no stranger to innovation. In fact, they first launched with digital-only purchasing 18 years ago, introducing the first online air travel purchase for many in Southeast Asia. Fast forward to 2019 and the team is now running a regional payments company, among other tech businesses, under the brand RedBeat Capital.

Today, they are taking their foray into tech a step further, launching a venture capital fund called RedBeat Capital.


RedBeat Capital has announced a strategic partnership with 500 Startups where we will be helping them get a closer look at our accelerator companies seeking additional capital sources for their Series A. In a time where more tech startups scale globally, this will ensure that 500 founders have friends who can give them some help along the way.

We are so proud to have AirAsia as a friend and partner for our startups. They’ve proven their ability to build a huge new business from scratch in Asia and have a well-known startup mentality. We look forward to this partnership as yet another bridge between Southeast Asia and Silicon Valley, adding momentum to innovators that are ready for a new world of accessible capital!

500 Global Team

Recent news & articles

See all articles →
The Future Of Financial Inclusion In Africa
Fintech
6 min read

The Future Of Financial Inclusion In Africa

Outsource Monetic Is Enabling Mobile Money in Francophone Africa. The Senegalese fintech is piloting KaliSpot, an independent network of ATMs, that gives customers of any bank, fintech, or mobile money service 24/7 access to their money, with an emphasis on financial inclusion.
Read more →
500 Emerging Europe: Fueling Top Talent to Create Global Unicorns

500 Emerging Europe: Fueling Top Talent to Create Global Unicorns

Excited to announce that 500 Istanbul is rebranding to 500 Emerging Europe!
Read more →
500 Global Flagship Accelerator Fall 2022 Demo Day
Event
09.29.22

500 Global Flagship Accelerator Fall 2022 Demo Day

Meet the companies presenting at our 500 Global Flagship Accelerator Fall 2022 Demo Day taking place virtually on September 29 2022 at 10am PT. Register below to secure your spots!
Read more →
Ankita Vashistha
Podcast
Episode 18

StrongHer Ventures’ Ankita Vashistha Is On A Mission To Back Women Entrepreneurs

With funding for female founders still dismally low, female investors aim to make a difference.
Read more →