500 Startups' latest batch of companies is so international we had to map it out
500 Startups, Dave McClure's seed fund and startup accelerator, announced today that it's added 33 more companies to its portfolio. The new startups range from a tea marketplace based in Honolulu to a Web resource for repair shops based out of Estonia and Latvia.
The greater focus on international companies is what stands out most about this group. While international companies make up only 15 percent of 500 Startups' overall portfolio, 57 percent of this latest batch hail from outside the US. Co-founder Christine Tsai says, "that was definitely intentional."
"There are a lot of really talented, amazing (international) companies that will likely grow into successful businesses," Tsai says. "The chalenge is that their markets may not have access to venture money or angel money."
The international expansion should come as little surprise to observers who follow 500 Startups. Last month, the fund brought on Pankaj Jain of New Delhi as a partner. The fund also has investment heads in Brazil and Mexico, and has hosted events in Germany, Russia, Turkey and Israel.
To help get a better sense of the international makeup of this latest crop of startups, we made you a map: