Jungle Ventures, one of Southeast Asia’s largest independent venture capital firms, has raised $225 million in the first close of its fourth fund. Through this fourth fund, Singapore-based VC firm seeks to replicate its successes in startups across Southeast Asia and India, with a planned size of $350 million.

As per Amit Anand, Founding Partner at Jungle Ventures, many of its existing investors in previous funds has backed the latest one, including International Finance Corp., Temasek Holdings Pte, and German development finance institution DEG.

Jungle Ventures | Early And Growth-stage VC

Started in 2011, Jungle Ventures invests in three macro themes- digital brands serving the young consumers of Asia, technology platforms that help Asian SME’s adopt technology and disruptive technology ideas with global potential.

Speaking on the development, Amit Anand said,

“We have coined two unicorns this year where we have been seed-to-IPO investors. We have built a franchise that will repeat quarter after quarter, and that separates us from the one-hit wonder venture-capital providers.” 

In recent times, there has been a flurry of fundraising activities and initial public offerings in Southeast Asia and the Indian startup ecosystem. Since 2012, after launching its first early-stage fund, the Singapore-based VC firm has become one of the fastest-growing local VC firms in the city-state, with assets under management (AUM)of about $600 million.

The Singapore-based VC firm has been an early and consistent backer of Kredivo, a consumer lending startup that went on to become Indonesia’s largest consumer lending app, as well as B2B e-commerce platform Moglix.  

Other noteworthy investments made by Jungle Ventures in Southeast Asia and India includes Livspace (home-interior platform), Sociolla (beauty e-commerce operator) and Pomelo (a women’s fashion retailer in Southeast Asia). 

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