Dubai, United Arab Emirates: 500 Startups, one of the world’s most active venture capital firms, today announced the closing of a $140M global flagship fund--the firm’s largest fund to date--bringing assets under management to $1.8B.* Now rebranded as 500 Global, the firm has been expanding its investment strategy beyond the accelerator and seed stage.
The eleven-year-old firm’s global thesis has paid off: 500 Global’s first global flagship fund is a top decile performer with a net TVPI of 11x^. Overall, the firm’s portfolio has yielded 33 companies valued over $1B and more than 120 companies valued over $100M including Talkdesk, Canva, Bukalapak, Grab, Shippo, and more. 500 Global has backed more than 6,000 entrepreneurs across 77 countries.
“From the very beginning, our mission and investment thesis were anchored in the conviction that exceptional founders exist in all corners of the world. That led us to start investing in companies not just in Silicon Valley, but also in Latin America and East Asia in 2011, the Middle East in 2012, Africa in 2013, and Southeast Asia in 2014. That early conviction has resulted in an expansive, diversified global portfolio across many countries, sectors, and stages, with 46% of the companies based outside of the U.S.,” says Christine Tsai, CEO and Founding Partner of 500 Global.
In expanding its investment strategy, 500 Global will continue to invest at the accelerator and seed stage as well as the later stages of a company’s growth. The firm has already begun to write larger investments into companies, leading or co-leading fundraising rounds, as well as offering later stage co-investment opportunities to limited partners.
“Today, global startup ecosystems are developing at a pace that has never been seen before. As venture capital continues to globalize and the percentage of unicorns from outside the U.S. increases further, 500 Global is uniquely positioned with deep expertise and a strong track record of investing in markets around the world. We’re excited to expand our scope to back even more founders globally, from first check to last. Our new brand reflects this vision,” adds Tsai.
© Press Release 2021
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
