500 Startups raises $12.8m

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500 Startups has raised $12.8 million to date for its 500 Falcons, per a SEC filing. The Mountain View-headquartered firm has set a $30 million target and began fundraising in 2015. The SEC filing did not disclose whether the capital raise constituted a final or interim close.

The fund will target seed stage opportunities in e-commerce, SaaS, mobile, fintech, hardware and IoT sectors in the Middle-East and North Africa.