Singapore-based Jungle Ventures, which invests in early-stage tech companies in Southeast Asia, is raising its fourth fund, according to a regulatory filing.
The filing did not specify a target, but the firm reportedly is seeking $250 million, according to reports out of Asia earlier this year.
The International Finance Corporation (IFC), an investment arm of the World Bank, has already committed $25 million to the fund and will look to co-invest in Jungle portfolio companies, according to a report from Inc42 in April 2021.
Jungle Ventures announced in fall 2019 that it raised $240 million for its oversubscribed third fund. LPs in Fund III include IFC, Bualuang Ventures, Dutch development bank FMO, Cisco Investments and Temasek.
Exited portfolio companies of Jungle Ventures include TradeGecko (acquired by Intuit in 2020); PaySense (purchased by Naspers in 2020); and Travelmob (bought by Expedia in 2015).
The firm is led by co-founders Anurag Srivastava and Amit Anand.
Source: SEC filing