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Jungle Ventures Announces $ 225 Million as First Close in Fourth Funding Round

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Jungle Ventures, one of Southeast Asia’s largest venture capital firms raises $ 225 million in its first close of its fourth funding round while it continues to stay afloat of its business in Southeast Asia and India. The fourth funding round commenced in May this year and has an overall target of reaching $ 350 million.

The company claims that this funding round happens to be the largest fund across all early stage funds in Southeast Asia this year.

The company was founded in 2012 and was launched with a $ 10 million debt fund. In 2016 it had announced a $ 100 million second fund, followed by $ 240 million in a third round in 2019.

However, the current funding round syncs with the company’s habit of raising a new fund every 2.5 to three years. Fortunately, this round also comes at a time when the region is receiving a lot of attention and capital.

Since the Southeast Asia that exists today has an ecosystem which has been existing for a long time. Although Jungle Ventures started out in 2012, it claims that it has not witnessed such a good time as today in the tech ecosystem of Southeast Asia, given that it is one of the oldest funds in the region.

Even while Southeast Asia's ecosystem is rapidly expanding, the region's tech talent is still considered emerging. India, on the other hand, is a rich source of tech talent, which the company has helped several of its portfolio businesses tap into by establishing tech hubs in the country.

It claims that opportunity and talent have always been obvious in the region, including the capital. Recent exit announcements such as acquisitions, or the domestic and global IPOs, have in fact completed the picture of Southeast Asia and have attracted many in many ways.

Here on out, the firm takes a stand of a focused approach and plans to invest in about 12 to 13 companies per fund.

Fund IV will make checks for Series B funds ranging from $1 million to $15 million, as well as participate in follow-on rounds. Limited partners at Jungle Ventures make large co-investments as well; in the last three to four years, LPs have invested close to $400 million in the firm's portfolio.

The goal of Indian investments is to assist them in expanding into Southeast Asia and seizing this opportunity. Interior design platform Livspace, which was created in India and has spread to Singapore and other Southeast Asian markets, is one example from Jungle Ventures' portfolio.

Even while Southeast Asia's ecosystem is rapidly expanding, the region's tech talent is still considered emerging. India, on the other hand, is a rich source of tech talent, which the company has helped several of its portfolio businesses tap into by establishing tech hubs in the country.

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