December 30, 2019

500 TukTuks 2019 Highlights

500 TukTuks is turning 5 years old in 2020. From 2015, we saw the opportunity to invest early and often into Thailand and CLMV’s most promising startups and empower them with Silicon Valley’s education, thinking, talent, and money to provide unfair advantage in their markets.

We are proud of what we have accomplished so far in our short 4 years and are excited to share some of our highlights for 2019.

Our Mission is to discover and back the most talented entrepreneur in Southeast Asia, help them create success companies at scale, and build thriving startup ecosystems. It has been a real pleasure putting in the efforts to see this mission in full force as we continue to work with the best founders around.

A look at 2019:

  • 500 TukTuks II invested in 14 early stage startups operating in more than 10 countries in total.
  • This brings 500 TukTuks II total portfolio count to 18 startups.

Read more about the startups from 500 TukTuks II in the Press Releases below:

First batch of 6 investment: https://www.techinasia.com/500-tuktuks-two-invests-six-startups

Second batch of 10 investment: https://e27.co/meet-the-10-new-startups-that-thailands-500-tuktuk-has-invested-from-its-second-fund-20191202/?fbclid=IwAR3VbJh9__gnRlzCzswIIt3GPMn61z_qTe0NOUmgRaUNG41p9W4gyzzpS7g

  • 500 TukTuks invested into 4 follow on rounds namely: Freshket, Chomchob, Bellugg and CloudCommerce.

Notable Funding Rounds from Portfolio Companies:

Notable News:

500 TukTuks By The Numbers:

  • Invested into 69 companies with over 100 founders in total.
  • Invested in 6 different countries.
  • 58% of our portfolio company in fund 1 been able to raise follow on funding.
  • Cemented our leading position as the most active VC in Thailand
  • 4 Startups under the portfolio valued at Centaur levels
  • 10 Startups under the portfolio valued at the Ponies level

Discovering and Backing The Region’s Most Talented Entrepreneurs / Helping Them Create Successful Companies At Scale

With the launch of 500 TukTuks II, the fund expanded its reach to CLMV countries and will look to back the most talented entrepreneurs in those countries. In addition, 500 TukTuks II will also be investing in deep-tech startups. The fund has already made 2 investments in this area namely; JuiceInnov8, a food bio-tech startup developing a sugar reduction technology for the beverage industry and Energaia, a startup focusing on the cultivation of spirulina.

In 2019, 500 TukTuks II also made its first foray into Myanmar, investing in to Shweproperty, a leading property transaction portal in the fast-growing Myanmar property market.

Meanwhile, the first batches of investments from the first fund have shown great progress. Omise, a leading startup in the Fin-Tech and payment gateway space, has gone on to raise their Series B++. In a different industry, Pomelo, a leading omnichanel fashion company has also gone on to raise a $52m Series C round. These 2 startups along with Trusting Social, a next generation credit intelligence platform and FinAccel,a credit-risk and lending platform, are now valued at centaur levels.

Build Thriving Ecosystems

As part of our mission to build thriving ecosystems, the 500 TukTuks team as well as founders under the 500 TukTuks family has been constantly active in the local ecosystem and community-building activities. From supporting our partners, speaking at conferences, judging pitching competitions at home and abroad to making meaningful connections and mentoring new founders. As a result, 500 TukTuks has created one of the strongest community of founders, partners and investors in the Southeast Asian Startup Ecosystem. We would like to take this opportunity to thank all the founders, partners and investors of 500 TukTuks for your contribution. Moving forward, we hope to continue welcoming awesome new members into our community.

500 TukTuks Family 2019 Party

A Strong Global Community

In 2019, we were fortunate to be able to welcome the global #500family to Phuket, Thailand for 500 Startups annual retreat. It was an joyous yet intense week as the whole 500 Startups Global teams participated in a mini internal conference in Phuket sharing best practices, insights and experiences from VCs and Ecosystem builders who in aggregate have invested in over 2,200 companies in over 70 countries.

It is vital that we keep our eyes and mind open to learn from more established ecosystems as well as more emerging ecosystems. The experience and insights from real practitioners around the world like this can hardly be found elsewhere and this further affirms the power of 500’s global community that our founders and partners can tap into.

500 Startups 2019 Annual Retreat in Phuket, Thailand.

Looking Forward

It is astonishing how 2019 flew by. As we reflect upon these 2019 and the past years, we are incredibly grateful to serve this mission of discovering and backing the most talented entrepreneurs in Southeast Asia and helping them create companies at scale as well as building thriving startup ecosystems. We are more excited than ever about the future and we look forward to continuing our efforts in to see this mission working in full force.

Wishing everyone a great year ahead in 2020 !

*THIS POST IS INTENDED SOLELY TO PROVIDE INFORMATION REGARDING 500 TUKTUKS. ALL CONTENT PROVIDED IN THIS POST IS PROVIDED FOR GENERAL INFORMATIONAL OR EDUCATIONAL PURPOSES ONLY. 500 TUKTUKS MAKES NO REPRESENTATIONS AS TO THE ACCURACY OR INFORMATION CONTAINED IN THIS POST AND WHILE 500 TUKTUKS HAS TAKEN REASONABLE STEPS TO ENSURE THAT THE INFORMATION CONTAINED IN THIS POST IS ACCURATE AND UP-TO-DATE, NO LIABILITY CAN BE ACCEPTED FOR ANY ERROR OR OMISSIONS. THE INFORMATION PROVIDED ABOVE, INCLUDING INFORMATION REGARDING CURRENT AND HISTORICAL PORTFOLIO INVESTMENTS BY FUNDS ADVISED BY 500 TUKTUKS IS NOT INTENDED AS A RECOMMENDATION TO PURCHASE, SELL OR HOLD ANY SECURITY OR THAT YOU PURSUE ANY INVESTMENT STYLE OR STRATEGY.
UNDER NO CIRCUMSTANCES SHOULD ANY INFORMATION OR CONTENT IN THIS POST, BE CONSIDERED AS AN OFFER TO SELL OR SOLICITATION OF INTEREST TO PURCHASE ANY SECURITIES. FURTHER, NO CONTENT OR INFORMATION CONTAINED IN THIS POST IS OR IS INTENDED AS AN OFFER TO PROVIDE ANY INVESTMENT ADVISORY SERVICE OR FINANCIAL ADVICE BY 500 STARTUPS. UNDER NO CIRCUMSTANCES SHOULD ANYTHING HEREIN BE CONSTRUED AS FUND MARKETING MATERIALS BY PROSPECTIVE INVESTORS CONSIDERING AN INVESTMENT INTO ANY 500 TUKTUKS INVESTMENT FUND.*

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