January 15, 2021

Jungle Ventures gets $100 million in second round of funding

Venture capital firm Jungle Ventures has closed its second fund with a total corpus of $100 million. The fund, which got Ratan Tata on board as a special advisor last year, is looking to deploy the capital into Series A and select Series B investments primarily in Southeast Asia with a focus on India and Australia.
Jungle ventures has backed companies like Live Space, Crayon Data, Tradegecko, Milaap , Zipdial, travel mob and Momoe among others. While Zipdial was acquired by Twitter, Momoe was recently bought out by online marketplace Shop clues.
Jungle Ventures had raised $10 million for its maiden fund back in 2012. Limited Partners or investors in a fund are institutions and strategic family offices from Asia and US which include the likes of Temasek Holdings, International Finance Corporation, National Research Foundation of Singapore, Hubert Burda Media as well as leading family office investors such as the Kewalram Chanrai Group and Khoon Hong Kuok.
“The closing of the second round at $100 million is a strong testament to our investment strategy. We look forward to working closely with exceptional founding teams and catalyze them to be regional or global category leaders,” said David Gowdey, managing partner, Jungle Ventures.
The Singapore-based VC fund said in a statement that merger and acquisitions will continue to dominate the exit landscape in the region. “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,” said Amit Anand, founding partner, Jungle Ventures.