Jungle Ventures hits $175M first close on its third fund for Southeast Asia – TechCrunch
29 April 2019 6:30 PM GMT
Southeast Asia?s startup ecosystem is set to get a massive injection of funds after Jungle Ventures reached a first close of $175 million for its newest fund, TechCrunch has come to learn. Executives at the Singapore-based firm anticipate that the new fund, which is Jungle?s third to date, will reach a final close of $220 [?]
- Southeast Asia's startup ecosystem is set to get a massive injection of funds after Jungle Ventures reached a first close of $175 million for its newest fund, TechCrunch has come to learn.
- Executives at the Singapore-based firm anticipate that the new fund, which is Jungle's third to date, will reach a final close of $220 million over the coming few months, a source with knowledge of the fund and its plans told TechCrunch.
- Founding partners Anurag Srivastava and Amit Anand started the fund way back in 2012 when it raised a (much smaller) $10 million debut fund.
- Digging a little deeper, our source revealed that the new Jungle fund includes returning LPs World Bank affiliate IFC and Cisco Investments - both of which invested in Jungle's $18 million
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