500 Durians seeks to raise $75m for third vehicle, closes Fund II at about $52m

Silicon Valley venture capital (VC) firm 500 Startups is raising $75 million for its third vehicle under 500 Durians after it closed its second fund at around $51-52 million late last year, according to three sources familiar with the matter.

500 Durians, which is managed out of its Singapore office, focuses on investments in seed-level startups in Southeast Asia and across the Asia Pacific.

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