500 Startups files for Durians Fund
Seed-stage investor 500 Startups filed a regulatory document to raise 500 Durians II, it's Southeast Asian fund. The firm announced in a blog post in October the fund and its intent to raise $50 million, which is twice the amount of Durians I. That inaugural fund was raised in 2014 with $10 million and was later increased to about $25 million. The second fund aims to invest in 200 seed-stage startups in Southeast Asia, with checks ranging from $50,000 to $150,000.
22 December 2016•1 min read
