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Base raises US $1.3 million

Vietnamese startup Base has raised US $1.3 million pre-series A rounnd co-led by the Alpha JWC ventures and Beenext. It is said to be the biggest ever fund raised by a B2B startup in the country. Existing investors 500 Startups and VIISA also participated in the funding round. The company has developed over 20 apps that cover two verticals: human resources and
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Tuktuks-Thailand

500 TukTuks, 500 Startups’ Microfund For Thailand, Has Finally Closed At A Sum Of US$15.4 Million

500 TukTuks, 500 Startups’ microfund for Thailand, has finally closed at a sum of US$15.4 million, up from US$10 million at its launch. Led by Krating Poonpol and Natavudh Moo Pungcharoenpong, the fund gained massive interest from high net-worth individuals and corporate investors, leading to the increase in its size. With more capital, 500 TukTuks is moving at full speed.
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new-money-featured

500 Startups To Launch Second 500 Durians Fund

500 Startups has launched a second 500 Durians-fund targeted to be worth US$50 million to double down on Southeast Asia. 500 Durians II will sign US$50,000- US$150,000 checks for about 200 seed-stage companies in the region. It will also invest US$500,000 in those that show exceptional progress. Funding for Durians II was kickstarted by Mavcap, the Malaysian government’s VC arm.  
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500 Startups

Silicon Valley’s 500 Startups Starts A 10-Million Fund For Vietnamese Startups

Silicon Valley-based venture capital firm is starting a $10-million fund dedicated to Vietnam. E-commerce, language-learning, and price comparison startups will be among the first companies to get seed funding and the firm plans to invest in as many as 150 companies. The firm has already backed e-commerce and messaging apps in the country through another fund focused on Southeast Asia.
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500 Startups

500 Startups To Invest In Bangladesh

US-based accelerator and investment fund '500 startups' has announced US$25-million fund focused toward India, Sri Lanka, and Bangladesh. The VC firm will invest in early-stage startups that have “proven traction”, meaning that they’ve moved past their ideation phase. 500 Startups has invested in more than 50 startups in the region till date.
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500 Startups

500 Startups, ex-Rocket Internet Partner, TeacxnLabs invest in India’s Wishup

Silicon Valley’s 500 startups, Bangalore-based startuo TracxnLabs, has injected an undisclosed amount into Wishup, a personal assistant and chat-based commerce startup based in Delhi. Wishup, which has been operational on Facebook Messenger, also announced the Beta launch of its Android app.It now plans to launch the iOS version early next month and expand the technology team.
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500 Startups

500 Startups Puts Creation Of India Fund

Startup accelerator 500 Startups said the investment firm was raising US$10-million to US$20-million to create a separate fund focused on Indian startups, reports The Economic Times. '500 startups' has already invested in a number of Indian companies since 2011 including TradeBriefs, Instamojo, PriceBaba, Sheroes.in, OnlineTyari, gazeMetrix and ZipDial.
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Gaza

500 Startups To Support Female Entrepreneurs In Gaza

500 Startups has partnered up with Gaza Sky, the first and only startup accelerator in Gaza, to support female entrepreneurs. Through this new partnership, 500 Startup’s wants to provide opportunities, innovation, job creation, startup support, online workshops, and inspiration to the “next generation of ladies” entering the market. Currently, 50% of Gaza’s startups are run by female founders.
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instabul-1

500 Startups Launches Fund In Istanbul

500 startups has just added another geo-focused vehicle to the list, too: 500 Istanbul, which is looking to raise $15 million that it can spread across 100 Turkish startups over the next several years. The fund’s full-time manager will be 500 Startups venture partner Erhan Erdogan and Erbil Karaman, who’s a product management lead for Facebook in London.
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