Jungle Ventures hits $175M first close on its third fund for Southeast Asia – TechCrunch

Jungle Ventures hits $175M first close on its third fund for Southeast Asia – TechCrunch

  • 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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