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Venture capital doubles down on Southeast Asian tech

Prominent investors Jungle Ventures and 500 Startups eye unicorns nearing IPOs

Venture capital firms 500 Startups and Jungle Ventures see a bright future in Southeast Asia. (Screenshots from websites of 500 Startups and Jungle Ventures)

JAKARTA/SINGAPORE -- Two venture capital firms prominent in Southeast Asia are doubling down on its tech ecosystem, with one well on the way to potentially raising $350 million for its latest fund and the other by rebranding its existing one in the region as they prepare to nurture a new generation of promising startups.  

Fueling such optimism is momentum arising from upcoming IPOs of first-generation startups as well as surging growth in internet users in the geographical area's key economies.

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