Jungle Ventures raises USD 225 Mn in first close for its fourth fund
Category: #business  By Mateen Dalal  Date: 2021-09-13
  • share
  • Twitter
  • Facebook
  • LinkedIn

Jungle Ventures raises USD 225 Mn in first close for its fourth fund

Jungle Ventures has announced to have secured USD 225 million during its first close of Fund IV, as the venture capital company aims to bolster its successes across Southeast Asian as well as Indian startups. This fourth fund commenced raising capital during mid-May, with a total goal of USD 350 million.

Most of its existing limited partners from previous funds have been investing in the new fund, including International Finance Corp., Temasek Holdings Pte, DEG, and others. It is worth noting here that Fund IV is considered to be the largest among all the early-stage funds in Southeast Asia in 2021.

The company had debuted in 2012, with USD 10 million funds, after which it announced a second fund of USD 100 million in 2016, and the third one with USD 240 million in 2019.

Amit Anand, founding partner of Jungle Ventures believes that the timing of Fund IV fits with the firm’s pace of raising new funds every 2.5 to 3 years. A bonus is that the fundraiser comes at a time when Southeast Asia is accumulating more capital and gaining popularity.

Anand stated that the Southeast Asian economy is developing immensely but the tech talent in the region is still in its nascent stage. He further acknowledged that India has huge talent in the technology field and the focus on Indian investments will aid the firm in expanding its footprint in Southeast Asia.

For instance, Jungle Ventures had invested in Livspace, an India-based interior design platform, which expanded to Singapore and is anticipated to make its entry in other Southeast Asia markets.

The Venture capital company has also been a consistent backer of Kredivo, a buy-now-pay-later startup, as well as Moglist and FinAccel. Other noteworthy Jungle Ventures investments include KiotVet, the largest Vietnamese store management system for small retailers, and Sociolla, a beauty e-commerce operator.

Source Credits –

https://techcrunch.com/2021/09/12/southeast-asia-focused-jungle-ventures-announces-225m-first-close-for-its-fourth-fund/

About Author

Mateen Dalal    

Mateen Dalal

Despite working as a professional testing engineer, Mateen Dalal always held a liking for content creation. Following his passion, he now pens down articles for itresearchbrief.com and a couple of similar portals. Mateen is a qualified electronics and telecommunicat...

Read More>>

More News By Mateen Dalal

India’s Swiggy is now worth USD 10.7 Bn following a USD 700 Mn funding
India’s Swiggy is now worth USD 10.7 Bn following a USD 700 Mn funding
By Mateen Dalal

India’s food delivery behemoth Swiggy has reportedly bagged USD 700 million in a Series K fund...

McDonald’s Germany partners with location intelligence firm Targomo
McDonald’s Germany partners with location intelligence firm Targomo
By Mateen Dalal

McDonald's Germany has reportedly teamed up with Targomo, a location intelligence business, to m...

No evidence that healthy children, adolescents need boosters shots: WHO
No evidence that healthy children, adolescents need boosters shots: WHO
By Mateen Dalal

  Israel has already begun to give booster doses to its 12-year-old children. Even the FDA ...