Venture capital firm 500 Startups opened an office this month in Miami, a boost for the fledgling technology hub that’s seen companies form and then struggle to secure funding.
Bedy Yang, a managing partner with the Mountain View, California-based company, said the office will serve as its base of operations for South Florida and Latin America, in addition to other markets in the eastern U.S. where the early-stage startup invests. The firm, which looks for talented entrepreneurs and helps them build companies, is occupying 7,200 square feet in a downtown Miami building.
“It’s the final piece of the puzzle,” said Yang, whose company has invested in startups including Credit Karma and Twilio.
