Jungle Ventures Holds a First Close on its Second Fund (Asia)

Source: DealStreetAsia  |  Author(s): Joji Thomas Philip

Southeast Asia- and India-focused venture capital firm Jungle Ventures has reached a first close on its second fund, Jungle Ventures II. The fund, which has a target of US$100 million, will focus on Series A financing rounds and later stage investments, with ticket sizes ranging from US$3 million to US$5 million. The amount of capital committed in the first close was not disclosed.