500 Global closes $143M fund for Southeast Asia startups

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500 Global, the venture firm and seed accelerator, has closed $143 million in financing for what it claims is its largest Southeast Asia early-stage fund to date.

The new tranche, 500 Southeast Asia III, or “500 SEA III” for short, counts a sovereign wealth fund, public and private pension funds, a university endowment and 500 Global portfolio companies valued at over $1 billion among its cohort of limited partners. Originally targeted for $75 million, 500 SEA III is 500 Global’s…