500 Startups cuts its largest Asia deal with $20m investment in Carousell

500 Startups cuts its largest Asia deal with $20m investment in Carousell

Early-stage venture capital firm 500 Startups disclosed on Monday that it cut its largest deal in Asia with a $20-million investment in Singapore-based Carousell’s recent $85-million Series C round. The deal also marked the VC firm’s first-ever investment made through a special purpose vehicle (SPV) in Southeast Asia.

Bring stories like this into your inbox every day.

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