Buy Heureka Conference 2019 Tickets

€99 EXCL. VAT

Startup Tickets

  • Lazy Bird - €125,00
  • Standard - €149,00
Buy Now
€299 EXCL. VAT

Service Tickets

  • Lazy Bird - €375,00
  • Standard - €449,00
Buy Now
€40 EXCL. VAT

Student Tickets

  • Lazy Bird - €55,00
  • Standard - €75,00
Buy Now

Dave McClure's 500 Startups raising another $100m fund Written by Tom Cheredar on 17. October 2013

Dave McClure

Dave McClure

Accelerator program 500 Startups is apparently looking to raise money for a third early-stage investment fund, according to an SEC document filed today.

The move is a bit of a surprise considering 500 Startups finalised $44.1m for its second fund just last week. The group previously tried to raise $50m, but for its third fund its doubling that amount to $100m. We’re reaching out to 500 Startups for further comment about the new fund and will update this post with any new information.

The Mountain View, California-based firm invests $25,000 to $250,000 in early-stage tech companies. Over the last year, its accelerator has attempted to diversify its portfolio of companies by encouraging more women and international founders to apply, which has been pretty successful. 500 Startups now has 30 total employees and 10 partners that are investing from all parts of the world. Companies it has previously invested in include Twillo, Visual.ly, CrocoDoc, Makerbot, WildFire, and well over 500 others.

This article originally appeared on VentureBeat, our editorial partner in the Valley.

[contentad keyword=]

FOR RELATED POSTS, CHECK OUT: