Since launching its first early-stage fund in 2012, Jungle Ventures has been one of the earliest VC firms to target Southeast Asia. The new fund reflects rising interest from investors who are seeking opportunities beyond the US and China, the primary focus for Asia deals in recent years. Singapore is now home to more than 150 VC funds, according to Enterprise Singapore, the government agency spearheading such development.
Jungle Ventures has differentiated itself by betting on grey-haired veterans with C-suite experience, rather than starry-eyed twentysomethings. It’s cashed out of several startups and its portfolio includes online fashion retailer Pomelo, digital entertainment service iflix and RedDoorz, a budget hotel booking platform.
