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Business deals

Singapore VC raises $240m for its third Southeast Asian fund

Jungle Ventures eyes stakes in 10 to 15 consumer brand and software startups

A Pomelo store in Bangkok: The Thai fashion retailer is one of the startups in Jungle Venture's portfolio.   © Reuters

SINGAPORE -- Singapore-based Jungle Ventures has closed its third Southeast Asian fund at $240 million. The fund was oversubscribed.

The venture capital firm aims to invest in 10 to 15 Southeast Asian startups in Series A and B rounds. Its average investment is $3 million for Series A and $8 million for Series B rounds, with room for follow on capital.

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