Jungle Ventures, based in Singapore, has announced a $600 million Fund IV close, including $450 million in the main fund and $150 million in additional managed commitments. This takes Jungle’s total Assets Under Management (AUM) to over $1 billion, making it the first independent Singapore-based VC firm to do so. Jungle invests across Southeast Asia and India.
The fund was massively oversubscribed, with an initial objective of $350 million. Existing investors such as Temasek, IFC, FMO, and DEG, to mention a few, have committed almost half of the funds, joining a group of select new global investors such as Mizuho Bank, Ltd. and StepStone Group.
Jungle Ventures has recently appointed Yash Sankrityayan, Sandeep Uberoi, and Manpreet Ratia to Managing Partners, joining the firm’s leadership team of David Gowdey, Amit Anand, and Anurag Srivastava, as well as the Founding Partners, Amit Anand and Anurag Srivastava.