Venture capital firm Jungle Ventures raises $240 million for third fund

Jungle is scouting for companies in India which have an opportunity to scale their business into Southeast Asia and globally

Jungle Ventures, one of Southeast Asia’s largest early-stage venture capital firms, closed its third fund, Jungle Ventures III by raising a total of $240 million. It includes $40 million raised in separately managed account commitments, for investments in innovative technology and digital-driven consumer businesses across Southeast Asia.

Investors range from endowments, funds of funds, and development financial institutions to strategic family offices and leading technology players. These include DEG, Germany’s development finance institution, IFC, a member of the World Bank Group and Bualuang Ventures, a corporate venture capital fund of Bangkok Bank.  Dutch development bank FMO, Cisco Investments and Singapore’s Temasek