Business

500 Startups adds new partners and opens a NYC co-working space

Investment fund/accelerator program 500 startups is once again adding to its roster of partners.

500 Startups is an early-stage seed fund and incubator program that’s become a brand name over the last few years, mostly through the sheer volume of companies it’s invested in. The Mountain View, Calif.-based group invests between $25,000 to $250,000 in startups, primarily those aimed at consumers and small-to-medium-size businesses, as well as related web infrastructure services.

500 Startups Today the organization announced that fundraising activities and investor relations head George Kellerman will be promoted to partner focused on investments in Japan, while current partner Paul Signh will shift some of his attention to his new roll as CEO of Dashboard.io. Also, Parker Thompson, formerly of Pivotal Labs, will also be joining 500 Startups as a new partner. Parker will focus primarily on the group’s accelerator program as well as help to grow 500 Startups’ presence among the startup scene in San Francisco. This brings the group’s total number of partners to 22.

Also interesting is news that 500 Startups has opened its first office in NYC, which will serve as a co-working space for all the companies in the area that are in the accelerator program. The move makes sense because 500 is known to work with plenty of up-and-coming tech companies, and also because many of those companies end up working together whenever possible.

500 Startups said it also plans to open up a second co-working space for its San Francisco companies sometime before the end of 2013.

Image credits: 500 Startups


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