• Home
  • About Us
  • Contact
  • Advertise
  • Awards
  • Privacy Policy
  • Twitter
  • Facebook
  • RSS
TheDomains.com

500.co Makes Over $44 Million In Additional Seed Funding

October 2, 2013 by Michael Berkens

According to VentureBeat, Accelerator program and investment group 500 Startups which proudly uses the domain name 500.co, just announced $44.1 million in new seed fund today, the second the group has raised since launching.

The second fund is also substantially higher than its initial $29.6 million fund from 2011.

“As for 500 Startups, the group typically invests $25,000 to $250,000 in early-stage companies that are typically already making a profit or on their way to doing so. Some of its past investments include TaskRabbit, Twilio, Wildfire, SendGrid, and many others. Over the last year, the group has attempted to diversify its portfolio of companies by encouraging more women and international founders to apply.”

“To date, it’s invested in over 500 companies from more than 40 countries. Also, it’s expanded its team to more than 30 people across the world”

“Actually we’re getting closer to 600, but no we aren’t changing our name!,” 500 Startups partner Christine Tsai told VentureBeat via email.

500 Startups is also gearing up to announce its seventh batch of companies, who will go through its accelerator program.

Tsai told me about 1,200 startups applied for the batch, and only 30 were admitted in.

According to the company blog,

“It’s been a crazy 3 years at 500. ”

“We’re approaching our 7th batch of startups at 500 HQ, have founders and employees in more than 40 countries, and passed our 500th startup not too long ago. And no, we’re not changing our name anytime soon!

“Here’s a sweet infographic with an overview of the community our startups are a part of”

.Co along with GE, Rackspace and SoftLayer are Premium Annual Partners of 500.co.

 

Filed Under: .CO

About Michael Berkens

Michael Berkens, Esq. is the founder and Editor-in-Chief of TheDomains.com. Michael is also the co-founder of Worldwide Media Inc. which sold around 70K domain to Godaddy.com in December 2015 and now owns around 8K domain names . Michael was also one of the 5 Judges selected for the the Verisign 30th Anniversary .Com contest.

« Applicant Auction Announces Next Private New gTLD Auctions To Be Held On Oct 21
Cognac Maker REMY MARTIN Loses UDRP On TheRemyMartin.com: Domain Holder Is Saved By Social Networks »

Comments

  1. +++ Fre.ee +++ Picti.US +++ BreakingNews.VC +++ says

    October 3, 2013 at 6:17 am

    “just announced $44.1 million in new seed fund today”

    but not because its site uses a .CO … 🙂

    Dave McClure is a veteran of VC


Recent Articles

  • Sedo weekly domain name sales led by PLP.com
  • Global Domain Report from InternetX and Sedo is a good read
  • A no holds barred interview with Rick Schwartz

Recent Comments

  • Winston on Global Domain Report from InternetX and Sedo is a good read
  • brian wick on Global Domain Report from InternetX and Sedo is a good read
  • Ulysses on LiteBit.com sold for $50,000 buyer lost a UDRP in 2019
  • Steve on A no holds barred interview with Rick Schwartz
  • Sal on A no holds barred interview with Rick Schwartz

Polls

How Many .Web Domains Will Be Registered 1 Year After Launch

View Results

Loading ... Loading ...
  • Polls Archive

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Categories

Archives

domain name news

Copyright ©2019 TheDomains.com — Published by Worldwide Media, Inc. — Site by Nuts and Bolts Media