Jungle Ventures Third Venture Capital Fund, at $240M

Jungle Ventures, a Southeast Asian early stage venture capital firm, closed its third fund, at $240m.

Jungle Ventures III raised more than twofold the measure of its past store, Jungle Ventures II (2016), with about 60% of submitted capital originating from outside Asia. Over 90% of the capital originated from institutional speculators spreading over North America, Europe, Middle East and Asia, with new financial specialists representing almost 70% of the raise money, and returning speculators for the rest.

In subtleties, speculators extend from enrichments, assets of assets, and advancement monetary organizations to vital family workplaces and driving innovation players. These incorporate DEG, Germany's improvement account foundation; IFC, an individual from the World Bank Group; Bualuang Ventures, a corporate funding asset of Bangkok Bank; Dutch advancement bank FMO; Cisco Investments; and Singapore's Temasek, among others.

Driven by Anurag Srivastava and Amit Anand, Jungle Ventures is a beginning time funding firm in Southeast Asia whose portfolio extensively covers three verticals:

– purchaser brands for the digitally native;

– advanced stages for transforming SMEs;

– worldwide innovation pioneers born in Asia.

The firm was the most punctual institutional speculator in various classification pioneers in Southeast Asia, including:
  • travel and cordiality startup RedDoorz, which in August declared a $70 million series C subsidizing round;
  • style e-rear Pomelo Fashion, which declared a $52 million Series C financing round in September; and
  • Kredivo, Indonesia's biggest online purchaser loaning and installments stage, which brought $30 million up in arrangement B subsidizing a year ago.

Jungle Ventures III has just put resources into Sociolla, KiotViet, WareSix, SweetEscape and Engineer.ai.
Location: India

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