Jungle Ventures Unveils New Asia-Focused Fund, Has $10 Million in its Pockets

The TechVenture 2012 conference is going on in Singapore right now, where e27 heard that Jungle Ventures is setting up a US$10 million “pan-Asian super angel fund.” The capital comes from a number of major angel investors and VC groups.

Singapore-based Jungle Ventures (see its homepage here) tends to invest in series A stages and also operates an early stage accelerator in Singapore. Last month we saw the group ploughing $1 million in seed funding into Travelmob, the Airbnb-like travel site set up by the former managing director of Skype Asia.

Jungle’s founder and MD, Amit Anand, said today:

We have made four to five investments every year over the last few years and look to steadily increase this in 2013 and onwards. We are actively collaborating with leading venture capital funds across the world to support go-to market plans for our investee companies under this program.

It also partners with Dave McClure’s 500Startups in the region, and the two groups recently jointly invested in the Singaporean medical appointments service DocDoc.

The Jungle Ventures announcement adds:

Investors in the new fund include Peng T. Ong (founder of Match.com, Interwoven, and Encentuate), Dan Neary (VP and GM Global Market Development, Skype), Anurag Srivastava (CEO of Spacematrix), Jayesh Parekh (co-founder of Sony Entertainment Television), Toivo Annus (former head of engineering at Skype), Lim Der Shing (founder-CEO of JobsCentral) amongst other angels and institutional funds.

Mr. Peng T. Ong thereby joins the core partner team as chairman of the board at Jungle Ventures.

[Source: e27]