Singapore based Jungle Ventures has finally closed its third fund at USD 240 million, exceeding its initial target by USD 20 million. The venture capitalist(VC) has also raised an additional USD 40 million in separately managed account commitments. The company had announced the first close of Fund III at USD 175 million in April 2019. It is backed by Cisco investments, DEG, Temasek Holdings, Bualuang Ventures and International Finance Corporation(IFC), along with John Kin of HomeAway(President) and Singapore based entrepreneur

Kuok Hong. Even before its final close Jungle Venture has utilized Fund III to invest in AI-assisted SaaS (Software-as-a-Service) company Engineer.ai; online beauty products Sociolla; lifestyle company Sweet Escape store management software KoitViet and Logistics Waresix, among others.

Founded in 2012 by Amit Anand and Anurag Srivastava, Jungle Ventures is a Singapore based venture capitalist that invests in Asian startups across three themes consumer brands for the digitally native, platforms that enable the digital transformation of small and medium enterprises(SMEs)and global technology leaders born in Asia. The company does not believe in investing in a large number of startups, instead it focuses on limited startups to build regional or globally category leading businesses.

Overall Jungle Ventures have invested in over 30 startups. The company's Indiansled startup portfolio includes home decor marketplace LivSpace, Mobile B2B marketplace Wydr and fintech startups Vayana Network and PaySense. Jungle Ventures announced its first close in 2012 at USD 12 million, while its second fund came to a close in 2016 at a total of USD 100 million.