500 Startups to raise $200 mln fourth fund

Seed investor 500 Startups has set out to raise a $200 million fourth fund, according to an SEC filing. The news comes a week after the firm, which runs an accelerator, announced it had raised $85 million for its third fund.


500 Startups closes third fund at $85 mln: WSJ

Mountain View, California-based early-stage venture firm and accelerator 500 Startups has raised $85 million for its third fund, according to a Wall Street Journal report. Founder Dave McClure told the news outlet that the number of the fund’s LPs “is approaching 500″ and includes Dentsu Inc, Yahoo Japan and Malaysian government-backed venture firm Malaysia Venture Capital Management Berhad. An earlier WSJ article reported that the fund’s original target was $100 million.


Egyptian startup WUZZUF nets $1.7 mln Series A

Egypt-based online recruitment platform WUZZUF has secured $1.7 million in Series A funding, according to a source at the company. Vostok New Ventures and Piton Capital led the round with participation from return backers 500 Startups and Endure Capital.

Adphorus takes in $1 mln seed

Turkish performance marketing platform Adphorus has raised $1 million in seed funding. The investors included 500 Startups. Also, Şekip Can Gökalp has been appointed to the Adphorus board of directors. Adphorus is also a Facebook marketing partner.


ZOZI nets $30 mln Series C

San Francisco-based ZOZI, a provider of online booking software for activity businesses, has raised $30 million in Series C funding. Pritzker Vlock Ventures led the round with participation from Sir Richard Branson, Par Capital Ventures, 500 Startups, Dolby Family Ventures and Bridge Bank.


Binary Capital leads funding of gaming startup Unikrn

Seattle-based Unikrn, a provider of a gaming platform focused on e-sports, announced it has raised $7 million in funding led by Binary Capital. Other investors in the round include Mark Cuban and returning investors Advancit Capital, Freelands Group, 500 Startups, Indicator Ventures and Tabcorp. The company previously raised $3 million in a seed-stage round of funding earlier this year.


LPs see branded VCs as the best bet

When evaluating a venture capitalist’s request for a new fund, obviously a performance track record goes a long way in swaying a limited partner for or against. Another key factor is “brand.”


Volta Industries picks up $7.5 mln

Volta Industries, a provider of electric car-charging services, has raised $4.5 million in Series A funding. Three Bridges Ventures led the round with participation from Riverwood Capital, 500 Startups and Epic Ventures. Also, SQN Capital provided Volta with a $3 million project financing facility.

LaunchDarkly picks up $2.6 mln

LaunchDarkly, a platform that allows software teams to launch, test and optimize their features, has secured $2.6 million in funding, the company announced in a blog post on its site. The company’s backers include SoftTech VC, Bloomberg Beta, 500 Startups and Cervin Ventures. To read the post, visit here.


Travel app Headout nets $1.8 mln

Travel app Headout has secured $ 1.8 million in seed funding. The investors included Version One Ventures, 500 Startups, Nexus Venture Partners, Arena Ventures, Maiden Lane Ventures, Funders Club, Haystack Fund, Ludlow Ventures and Dreamit Ventures.

MakeMyTrip buys VC-backed Mygola

MakeMyTrip has acquired Mygola, the latter announced in a blog post on its site. No financial terms were disclosed. Based in Chevy Chase, Maryland and Bangalore, Mygola is an online travel guide. Its backers included 500 Startups, Blumberg Capital and Helion Venture Partners.



On-demand meal service Sprig cooks up $45 mln

San Francisco-based on-demand meal service Sprig has secured $45 million in funding. The Social+Capital Partnership led the round with participation from other investors that included Greylock Partners, Accel Partners, Battery Ventures, 500 Startups, Ludlow Ventures, Lumia Capital, IDG Ventures and CAA Ventures. In addition to the funding, Ted Maidenberg of Social+Capital has been added to Sprig’s board of directors.


DCM Ventures, Snoop Dogg back on-demand marijuana delivery service Eaze

Eaze, which provides an on-demand marijuana delivery service, has raised $10 million in Series A funding that was led by DCM VenturesFresh VC, 500 Startups and others, including Casa Verde Capital, the venture outfit of Snoop Dogg. San Francisco-based Eaze previously raised $1.5 million in seed funding in November. The company was founded by CEO Keith McCarty, an early employee of Yammer. As part of the Series A round, Eaze has added DCM Ventures General Partner David Chao to its board of directors.


VC-backed Kairos buys IMRSV

Facial biometrics company Kairos has acquired IMRSV, a provider of audience analytics. No financial terms were disclosed. Kairos’ backers include Kapor Capital, New World Angels, VenVelo, Quotidian Ventures, Great Oaks Venture Capital, Eniac Ventures, 500 Startups and TechStars.


Edtech company Monkimun nets $1 mln seed

Monkimun, a language learning startup based in San Francisco and Madrid, has raised $1 million in seed funding. The investors included 500 Startups, SHO-zemi Innovation Ventures, Incuvest and Lanzame Capital.


FullContact grabs $10 mln

Denver-based FullContact, a provider of fully connected address book solutions, has raised $10 million in funding. Foundry Group and Baird Capital led the round with participation from Blue Note Ventures and 500 Startups. In conjunction with the funding, Benedict Rocchio of Baird has been added to FullContact’s board.

PE HUB Community

Join the 12525 members of PE HUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget