500 Startups Confirms $44 Million Second Fund, Plans To Invest In 200 Startups Over The Next Year

2012-12-16 19.15.14

We hosted Dave McClure (left) the 500 startups founder in Sydney at Australian Technology Park Innovation Centre incubator (ATPi) along with BlackBird Ventures late last year and he was about to cross the 480 investments mark, progress since then has been remarkable.

Thanks to Rick Baker (centre left) from BBV and Hamish Hawthorn (centre right) from ATPi and thats me on right (Pete Cooper).  Dave is certainly a controversial guy who went out of his way to ‘stir’ the audience but I suspect there was no one in the room that didn’t feel a little inspired and more informed by the end of his fireside chat. We need more like 500 Startups.  Read on…


It’s hard to believe, but it’s been just three years since 500 Startups started making investments in early-stage companies. But in that time, the firm has put money in at least 500 companies, and it will keep investing in more, thanks to the closing of its second fund and the continued growth of its team.

As previously reported, the second fund for 500 Startups closed at $44.1 million in July. That was above its $29.4 million initial fund but below its $50 million target for Fund II. At the same time, however, 500 Startups has been raising a number of region-specific funds in places like India and Mexico.

500 Startups has grown substantially since it was founded three years ago. It’s expanded from the two founding partners — McClure and Christine Tsai — to 30 employees, of which 10 make investments. It also has a fairly international presence, with employees…

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