Exclusive: 500 Startups to raise $10m Vietnam fund, closes Southeast Asia fund at $22m

Photo sourced from 500 Startups website

US-based accelerator and investment fund 500 Startups plans to raise a $10-million Vietnam fund, marking its third vehicle in this region, and also making it the most active investor, in deal volumes, in South East Asia.

The Silicon Valley-based venture capital firm had launched a $10-million micro-fund – 500 TukTuks – for Thailand in April this year. It had also launched a South East Asia fund – 500 Durians – with a corpus of $10 million in 2013, and earlier this week, this portal had reported that the firm had more than doubled the size of this vehicle to $22.1 million, citing an SEC filing.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter