500 Startups raises $14m

The Silicon Valley venture capital firm wrapped up its oversubscribed Vietnam vehicle.

500 Startups has held a final close of its oversubscribed fund, 500 Startups Vietnam, at $14 million against its target of $10 million. The Fund was backed by GS Shop, Humax, NCORE and other investors in Asia, the US and Europe.

The Fund will continue to invest in Vietnam-based startups catering to the Vietnamese market.