500 Startups’ $10M fund will invest in mobile health in India, China, Africa
Thursday, November 20, 2014
A $10 million micro fund that will make investments in early and growth stage mobile startups, including mobile health, got started this week. The founder of the 500 Mobile Collective fund, Edith Yeung, is a new investment partner with 500 Startups. She sees an opportunity to use mobile apps to supplement the healthcare infrastructure of developing countries such as India and China and across the African continent that account for 80 percent of mobile users or 3 billion people.
Among the partners involved are Greg Kidd, an early investor in Twitter and Square; Jay Sullivan, a former COO and interim CEO of Mozilla; Joe Wu, a co-founder and CEO of 91, an app store Baidu acquired last year for $1.9 billion; and Yongzhi Yang, the founder and CEO of Dolphin Browser — a customizable browsing app for Android and iOS network users. Yeung also used to work for Dolphin where she ran marketing and business development.