500 Startups Surpasses Vietnam Fund Goal by Raising $14 Million
- Fund plans to invest in as many as 100 Vietnam startups
- Investments will be in sectors such as education, logistics
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500 Startups, an early-stage venture capital investor, exceeded the target for its Vietnam fund by raising $14 million to back startups in the country.
Backers include multimedia retailer GS Home Shopping Inc., consumer electronics manufacturer Humax Co. and NCORE Ventures, 500 Startups said in a statement Tuesday. The amount raised was $4 million more than the initial target when it announced the fund in 2016.