500 Startups beefs up South East Asia team with two new hires in Singapore

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Silicon valley based venture capital seed fund & startup accelerator 500 Startups has beefed up its team in the region, even as it increases its focus on South East Asia with a slew of recent investments here.

The first hire is angel investor and former INSEAD Entrepreneur-in-Residence, Arnaud Bonzom. Bonzom assumes the role of Director of Special Projects, Southeast Asia. The fund has also got on board Vishal Harnal, who will be serving as an investment manager, who was formerly a senior associate with law firm Drew & Napier.

500 Startups seemingly has a preference for people who are familiar with its business operating system and ethos. Their new Director of Market Development for Southeast Asia, Kim Ngo (who joined back in January) used to do business development for 500 portfolio company. With a record of 795 investments in 644 companies since its founding and cumulative fundraising of $256 million, 500 startups has been established in in Silicon Valley since 2010.

Based in Silicon Valley, 500 Startups is a venture capital seed fund & startup accelerator founder by former PayPal & Google alumni who have invested in hundreds of internet startups in 50 countries all over the world. Their core team possesses operational experience at multi-national firms like PayPal, Google, YouTube, Yahoo, Microsoft, eBay, LinkedIn, Twitter, Apple & Facebook.

Read our coverage on some of 500 Startups latest deals in this region: 

Zeemi.tv raises $1 million in seed funding from DeNa & 500 Startups

Thai online marketplace Blisby raises $300k from East Ventures, DeNA, 500 Startups

Tees raises seed funds from 500 Startups and 8Capita

Philippine online realty marketplace ZipMatch raises $2.5m from Monk’s Hill Ventures & 500 Startups

500 Startups to launch $10m Thailand-dedicated fund

East Ventures, 500 Startups lead seed funding for Kaodim

3D printing pen CreoPop raises financing round led by 500 startups

With a presence around the world and a series of investments in Southeast Asia, these investments seem targeted at leveraging on the rise of Southeast Asia and the ASEAN markets as the latest investment destination. Investing in Southeast Asia, and particularly in Indonesia’s booming e-commerce marketplace, presents compelling opportunities for developers.

Most investments in Southeast Asia originate from the 500 Durian funds, which focuses on venture funding in Southeast Asia. This latest talent acquisition of positions 500 Startups for further expansion within Southeast Asia and the Asia Pacific, suggesting a willingness to explore ventures based in these markets on a deeper level.

The latest hires, both of whom are Asia-based, bring with them a wealth of experience and knowledge in negotiating the complexities of regional startup ecosystems.

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.