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500 Startups, a seed investment and accelerator firm, has some investors on board for its ambitious new fund, but its success could depend on rounding up some big players.

The Mountain View, Calif.-based firm has closed on some commitments for its third fund, which is aimed at $100 million, and is using the pool to back the current batch of startups in the firm’s accelerator, according to a person familiar with the situation.

Image: David Paul Morris/Bloomberg News