Jungle Ventures Reaches US$100 Million Final Close for Second Fund (Asia)

Source: Asian Venture Capital Journal  |  Author(s): Justin Niessner

Southeast Asia-focused venture capital firm Jungle Ventures has reached a final close for Jungle Ventures II with US$100 million in commitments. Investors include sovereign wealth fund Temasek Holdings, Singapore-based National Research Foundation, Germany-based Hubert Burda Media, Singapore-based consumer electronics distributor Thakral and family offices Kewalram Chanrai Group and Khoon Hong Kuok. Development finance institution International Finance Corporation also committed US$10 million to the fund, which will focus on Series A and select Series B investments in technology startups.