Jungle Ventures closes second fund with $100 Mn

Singapore-based Jungle Ventures has announced the final close of its second fund on target at $100 million. The new fund is ten times larger than Jungle’s first fund, raised in 2012 – and has established it as one of the largest early stage venture capital (VC) firms in the region. Since inception in 2012, Jungle is amongst the few VCs that have successfully exited companies via M&A to global brands such as Twitter, HomeAway, Rakuten and Shopclues.

The investor base is well diversified and includes names such as Temasek Holdings, International Finance Corporation, National Research Foundation of Singapore, Hubert Burda Media as well as leading family office investors such as the Kewalram Chanrai Group and Khoon Hong Kuok.

Commenting on the development, Amit Anand, Founding Partner, Jungle Ventures, said, “This is a significant milestone for Southeast Asia’s fast-growing startup ecosystem and we are grateful for the faith existing investors and new partners have shown in us. With an exceptional team of 15 investing and operational professionals, we intend to continue to invest and help build the best technology companies from this region.”

David Gowdey, Managing Partner, Jungle Ventures said, “The closing of the second round at $100 million is a strong testament to our investment strategy. We look forward to working more closely with exceptional founding teams and catalyze them to be regional or global category leaders.”

Jungle invests across all early stages of start-ups and has investments in Singapore, Indonesia, India and other hotbeds of entrepreneurial activity in South Asia.