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Aditya Hadi Pratama · · 1 min readJungle Ventures’ fourth fund hits first close of $225m
“Southeast Asia’s funding boom is set to continue, with Jungle Ventures, a Singapore-based venture capital firm, announcing today the US$225 million first close of its fourth fund. The fund started raising in mid-May and is targeting a total of US$350 million,” TechCrunch reported.
Details:
- Most of the new fund’s limited partners have also participated in previous ones. Partners include Temasek, International Finance Corporation, DEG, and global and regional family offices.
- The latest fund will inject about US$1 million to US$15 million into firms’ series B rounds and look for follow-on investment opportunities.
Dive deeper:
- Jungle Ventures focuses primarily on Southeast Asia, but it also makes investments in India. (Read: These are the most active investors in Southeast Asia’s startups)
- Among its portfolio firms, the company counts FinAccel, a buy now, pay later company that’s eyeing a US listing via a blank-check company, and Evermos, an Indonesian social commerce startup.
Editing by Miguel Cordon and Arpit Nayak
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