According to IFC website, SOSV III, L.P. is a global startup accelerator fund raising $200 million to support approximately 700 early stage companies through its accelerator network in Asia, the U.S., and the EU. This investment will fall under the Startup Catalyst initiative, which supports entrepreneurship and innovation at the earliest stages. Also, the project is expected to have a high development impact in the following areas:
1. Address funding gap for early stage investments by supporting approximately 700 startups and early stage companies.
2. Transfer knowledge and best practices to emerging market companies through its sector-focused accelerators.
3. Support local entrepreneurship on a large and global scale through its global accelerator network, various internal and external events, and early stage investments. The Fund is expected to reach 1,500+ founders/entrepreneurs.
The Fund is sponsored by SOSV, a global seed and early stage venture firm founded in 1995 by Sean O’Sullivan, an entrepreneur and venture investor.
SOSV is venture capital firm and an accelerator specializing in technology startups. The firm also specializes in seed, early venture, growth capital, venture and growth-stage funding to disruptive startups.
Project Contact: Audrey Chen
Office Address: 174 Nassau Street Suite 3000, Princeton, NJ 08540
Email Address: firstname.lastname@example.org
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