500 Startups raises $44.1 mln second fund
500 Startups said it closed a $44.1 million second fund that will focus on backing seed and accelerator companies. The new fund is a 50% boost from the firm’s $29.4 million first fund, but came in short of its initial $50 million target. Founding Partner Dave McClure said he always considered the target aggressive and stressed the increase from his first fund. The firm will invest about 75% of its money domestically and 25% abroad.
2 October 2013•1 min read
