(From left to right) Jungle Ventures’ founding partner Amit Anand, managing partner David Gowdey and founding partner Anurag Srivastava
Southeast Asia’s funding boom is set to continue, with Jungle Ventures announcing today the $225 million first close of its fourth fund. Fund IV started raising in mid-May and is targeting a total of $350 million.
The majority of its limited partners are returning from previous funds, and include Temasek Holdings, IFC (which put $25 million in Fund IV), DEG and Asian and global family offices. The firm says this makes Fund IV the largest fund across all early-stage funds in Southeast Asia this year.
Founded in 2012, Jungle Ventures
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