Singapore-based early stage venture capitalist Jungle Ventures finally shut down its second roundof funding i.e. Fund II where it invested near about 100 million USD as per the set target. The fundraising event witnessed various existing as well as new venture capitalists, funding partners, High-Networth Individuals and so on. The entity targets Series A and Series B investments where the fund will be used for business expansion.
This particular funding saw venture capitalists like International Financial Corporation, Temasek Holdings, Hubert Burda Media, National Research Foundation of Singapore, family investors and existing investors like Khoon Hong Kuokas well as Kewalram Chanrai Group. A few months back, Tata Sons interim Chairman, Ratan Tata joined Jungle Ventures as Special Advisor where he mentored to expand the portfolio thus increasing leadership quality so as to sustain themselves in global and Asian markets.
Founded in 2012, Jungle Ventures headquarter is located in Singapore along with Bangkok, Manila, Kuala Lumpur, Tokyo, Mumbai and Bangalore. Till date, it has made 30 investments and 3 exits of which 74% are Seed funding in several startups wherein 26% are of Venture funding. The company is backed by investors like Spring Seeds, IMJ Fenox, Accel Partners, Singtel Innov8, Blume Ventures, NRF Holdings, GSF India, Stream Global, The ICE House, among others.
The respective Venture Capital firm mainly focuses on funding Marketing and Analytics based firms, Fintech, Big Data, E-commerce, Enterprises, Marketplaces, Digital Media, and so on. Primarily adjusting itself in the fundraising segment, it’s investment in early stage startups include nations like Singapore, India, Indonesia, South Asia. The respective company is also among few firms in this region who have successfully exited firm via Mergers & Acquisitions.
According to Amit Anand, Co-Founder, Jungle Ventures,This is a significant milestone for Southeast Asia’s fast-growing startup ecosystem and we are grateful for the faith existing investors and new partners have shown in us. With an exceptional team of 15 investing and operational professionals, we intend to continue to invest and help build the best technology companies from this region.
The recently held fundraising event comes as a special priority for the firm as it is considerably 10X larger than the Fund I round, raised for the first time in 2012. The fund will be used for business expansion where the Series A and Series B investment will be utilised in Southeast Asia networking along with businesses in Australia, India and other nations.
Currently, Jungle Venture funded an automated retail credit platform named FinAccel which will help in creating the most convenient as well as a financing method for the e-commerce buyers in the Southeast Asia region. The Seed funding round led by Jungle Ventures witnessed other VCs such as GMO Venture Partners, 500 Durians, and so on. The amount raised in the event is yet to be disclosed.
