500 Global related stories
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Health tech startup mClinica scores $6.3 mln Series ASingapore-based mClinica, a health tech startup, has raised $6.3 million in Series A funding. The investors were Unitus Impact, Global Innovation Fund, MDI Ventures, Endeavor Catalyst, 500 Startups, IMJ Investment Partners and Kickstart Ventures.
VC-backed Hootsuite acquires digital ad company AdEspressoCanadian social media management platform Hootsuite has acquired AdEspresso, a U.S. Facebook and Instagram advertising management and optimization tool. No financial terms were disclosed. Hootsuite said AdEspresso's technology will form part of its product, Hootsuite Ads, to help organizations maximize paid, owned and earned content. Founded in 2008, Vancouver-based Hootsuite has raised about US$250 million in venture capital funding from a number of investors, including Accel Partners, Insight Venture Partners and OMERS Ventures. AdEspresso was also venture-backed, raising funding from 500 Startups, VentureFriends, VTF Capital and others.
- NVCA sends Trump letter on executive order
The National Venture Capital Association and Engine sent a letter to President Trump saying they were deeply troubled by his executive order banning citizens and refugees from seven countries and his draft proposal rolling back worker visas, including H-1B visas, and parole programs.
U.S. technology startups panic over immigration ban: ReutersSilicon Valley venture capitalist Kate Mitchell said her startup companies have a message for their employees who are foreign nationals: Don't travel outside the country right now, Reuters reported.
Why Canadian venture capital is the right bet for investorsIn an exclusive PE Hub Canada feature article, OMERS Ventures Managing Director Jim Orlando poses the question of why investors should pay closer attention to Canada's venture capital asset class. He answers the question with evidence of improving Canadian venture returns and opportunities based on an increasingly self-sustaining ecosystem, more risk-taking entrepreneurs and better-capitalized funds.
- 500 Startups and General Motors to work together
500 Startups said that General Motors has struck an arrangement to work with companies at its accelerator and perhaps invest as they mature out of the program.
- 500 Startups files for Durians Fund
Seed-stage investor 500 Startups filed a regulatory document https://www.sec.gov/Archives/edgar/data/1688193/000168819316000001/xslFormDX01/primary_doc.xml to raise 500 Durians II, it's Southeast Asian fund. The firm announced in a blog post in October http://500.co/500-startups-durians-ii/ 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.