500 Startups Is Raising $100 Million For Its Third Early-Stage Investment Fund

TechCrunch

“Always be raising.”

It’s not a bad motto, and it’s one that Dave McClure’s 500 Startups seems to be taking to heart. After all, it had just recently closed Fund I when an SEC filing dropped alerting us all that it was raising another $50 million for Fund II. And now that the ink is dry on that one, with 500 Startups closing out at its second fund at just over $44 million, it’s apparently time to go back to LPs again and start asking for more.

This time, the investment firm is seeking $100 million to make seed-stage and follow-on investments, according to an SEC filing.

The new fund is being raised just three years after 500 Startups first started writing checks, and as the investment firm is rapidly expanding. 500 Startups now has 30 employees, including 10 who are making investments. It has a fairly…

View original post 246 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s