Menu
KrASIA
News

Jungle Ventures raises USD 175 million for its third fund

Written by Zhixin Tan Published on 

Share
Established in 2012, Jungle Ventures has seen four exits,

Singapore-based early-stage VC Jungle Ventures raised USD 175 million in the first close for its third fund, according to an official statement received by KrASIA.

Temasek, IFC, DEG, and Cisco Investments are among the LPs.

So far, Jungle Ventures has done five deals out of the new fund, with two in Indonesia, one in Malaysia, and its first investment in Vietnam.

The firm’s investments in the region include Thailand-based Pomelo Fashion as well as Indonesia-based Kredivo and Reddoorz.

According to Crunchbase, Jungle Vntures made 61 investments in total and had four exits, most notably the Indian Zipdial, which was acquired by Twitter.

Jungle Ventures raised its USD 12 million first fund in 2012 and USD 100 million in 2016. This first close of its third fund might be the largest in the region for an early stage venture capital fund.

Comparable firms are Singapore-based Monk’s Hill, with a  USD 150 million second fund and Golden Gate Ventures, with a USD 100 million fund for Southeast Asia.

Editor: Nadine Freischlad

Share

You might like these

  • News

    Consumer brand focused VC Fireside Ventures closes its second fund at USD 118 million

    By 

    Moulishree Srivastava

    21 Jan 2021    08:00 AM

KrASIA InsightsKrASIA Insights

  • Beijing-based SaaS firm Aibee digitizes “space, people, and products” for brick-and-mortar retailers.

    Insights

    This firm digitizes offline shopping: Inside China’s Startups 

    By Wency Chen

    23 Jan 202101:05 AM

Most PopularMost Popular

See All