30 Nov '16, 4pm

Jungle Ventures closes $100M fund for startups in Southeast Asia

Jungle Ventures closes $100M fund for startups in Southeast Asia

Singapore’s Jungle Ventures today confirmed the final close of its newest $100 million fund for investments in Southeast Asia. The firm announced plans for the fund , which is its second, in September 2015 when it completed a first close. It represents a big step up from the first debut $10 million, and with an increase in capital so Jungle Ventures is shifting its initial focus on seed-stage deals to Series A and Series B investments. The company is still very much involved in early stage startup work, but that is being handled by SeedPlus, a new fund it established in May of this year . “This is a big step up for us and the region in general,” founding and managing partner Amit Anand — pictured up top with fellow founding and managing partner Anurag Srivastava — told TechCrunch in a phone interview. “[The new fund] is probably one of the largest in Southeast Asia for [st...

Full article: https://techcrunch.com/2016/11/30/jungle-ventures-100-mil...

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Singapore’s Jungle Ventures closes second fund with $100 mn https://t.co/gdFsVSy9wT

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