500 Startups has decided to embark on a fourth round of funding after recently closing its third one with an impressive $85 million, and the five year old company is hoping to raise a staggering $200 million in
For those who are unfamiliar with it, 500 Startups is a super global investment firm that has its feelers, almost everywhere. From a $29 million debut fund to a $10 million fund focused on Southeast Asia,
the company also has several fund-raising that are on their ways to completion.
The Japan based venture of the firm, for example, is en-route to complete its goal of $30 million in funding whereas its Thailand and Korean funds are slowly but surely moving towards rather more modest
— from a strictly relative standpoint — goals of $10 million in funding. The company is also raising yet another $10 million fund that it’s calling its Mobile Collective vehicle.
Also, 500 startups is planning to reserve half of its $200 Million fund for follow-up investments. Detailing his plans about the same, 500 startups cofounder Dave McClure told TechCrunch’s Connie Loizos,
We have a lot of companies doing well from our two first funds, and there are lots of follow-on investments that we’ve chosen not to make because they were outside our budget. We consider those missed opportunities. We think 5 to 7 percent of our investments will get to Series C rounds, or $100 million-plus in value, and we want [a bigger share] of those companies.
Dave also expressed his thoughts on several subjects. While labelling e-commerce, marketplaces and SaaS as “our bread and butter”, he projected a time span of about three years to invest the monies into various fields.