500 Durians makes another close at $26.7m for second SEA vehicle, amends $50m hard cap

500 Durians, the Southeast Asia arm of Silicon Valley venture capital firm 500 Startups, has made another close of its second vehicle at $26.77 million and amended its $50-million hard cap, according to an SEC filing.

DEALSTREETASIA first reported that 500 Durians was set to hit the final close of its $50-million second vehicle, 500 Durians II, last April. As per its latest filing, it has only raised $26.7 million so far, even as a source with direct knowledge of the fundraising told this portal that the filing was to update the change of the fund’s target amount from $50 million to indefinite.

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