Singapore-based Jungle Ventures has closed its second fund of $100 million. The new fund, which has Ratan Tata on its advisory board, will focus on Series A and B investments primarily in South-East Asia, India and Australia.
The current fund, which is 10 times larger than Jungle’s first fund raised in 2012, has invested in Indian start-ups such as RedDoorz, Livspace, Moglix, Pokkt and ZipDial (acquired by Twitter), along with Singapore-based travelmob (acquired by HomeAway), Voyagin, Crayon Data and TradeGecko, and Australia-based Edrolo.
David Gowdey, Managing Partner, Jungle Ventures, said in a statement: “The closing of the second round at $100 million is a strong testament to our investment strategy. We look forward to working more closely with exceptional founding teams and catalyse them to be regional or global category leaders.”
Jungle has raised funds from Temasek Holdings, International Finance Corporation, National Research Foundation of Singapore and Hubert Burda Media, as well as leading family office investors such as Kewalram Chanrai Group and Khoon Hong Kuok.
Amit Anand, Founding Partner, Jungle Ventures, said: “This is a significant milestone for South-East Asia’s fast-growing start-up 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.”