500 Startups Accelerators Thailand

500 Startups to Launch a $10M Fund Focused on Thailand

According to a report filed by TechCrunch, 500 Startups – a Mountain View-based startup accelerator – is gearing up to launch a new international fund.1 500 Startups is no stranger to the international scene; the group has been running an accelerator in Mexico City for the past several years, and has invested in countless international companies. However, their newest fund, reported by TechCrunch, 500 TukTuks, will focus exclusively on Thailand.2 Though 500 Startups is anything by conventional, this fund would represent the largest of its kind to focus on the Thai market.

Though there has been no official word from 500 Startups, Jon Russell of TechCrunch has uncovered a few details:

According to documents, 500 TukTuks will provide an average of around $75,000 as a first investment, usually as part of a seed-stage round with other investors. The fund will cut checks of upwards of $150,000 for follow-on investments in startups “that show signs of becoming big winners.”3

The fund, though pretty standard in terms of investment size and scope, make 500 Startups the most high-profile external VC firm to enter Thailand thus far. This is a developing story, so check back for updates.

  1. Jon Russell, TechCrunch, “500 Startups Is Raising A $10M Fund In Thailand To Increase Its Focus On Asia,” 16 February 2015  
  2. Ibid  
  3. Jon Russell, TechCrunch, “500 Startups Is Raising A $10M Fund In Thailand To Increase Its Focus On Asia,” 16 February 2015