Jungle Ventures expects third fund to be oversubscribed to $220M, as it makes first close of $175M
29 April 2019 8:45 PM GMT
Jungle Ventures is looking to invest in consumer brands that are targeting millennials and in software startups, which are focused on helping SMEs adopt technology in South Asia.
- Southeast Asian investment fund Jungle Ventures on Tuesday said that it had closed $175 million as part of its first close for their third fund.
- The early stage investment fund in a statement said it was expecting to a raise a total of $220 million, as a part of Fund III.
- Jungle Ventures also said that around 90 percent of the capital came from institutions spanning North America, Europe, Middle East and Asia, including sovereign wealth funds, endowments, funds of funds, DFIs and strategic family offices.