This project is still under review by the EWS. Project information and/or project analysis may be incomplete.
Jungle Fund 2 (IFC-37107)

Countries
  • Singapore
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
JUNGLE VENTURES II LP
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 20, 2019

Disclosed by Bank Aug 19, 2015

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The proposed project is an equity investment in Jungle Ventures II, L.P. (“Jungle Fund 2” or “Fund”), a Singapore-based venture capital fund that will invest equity in early stage technology companies in Southeast Asia. The Fund’s primary investment focus will be on Series A equity investments, with a smaller allotment for seed investments. Jungle Fund 2’s sector focus will include consumer internet mobile, analytics, health technologies, financial technologies, education technologies and enterprise software.

People Affected By This Project
People Affected By This Project refers to the communities of people likely to be affected positively or negatively by a project.

1. Jungle Fund 2''s consumer and SME focused investee companies help provide quality products, services and technology at economical prices to customers, and will improve supply chains and logistical infrastructure.
2. Jungle will invest in sectors, business models and companies that support and nurture entrepreneurship, innovation, transparency and access in South East Asia and the broader Asia region.
3. A significant number of Jungle''s investments are SME or consumer focused technology companies that are establishing online marketplaces or online retail operations that enable SMEs to leapfrog physical infrastructure constraints, payment challenges and provide better access for consumers and SMEs outside of Tier 1 cities.
4. The Fund is supporting the growth of the early stage ecosystem in Southeast Asia by providing capital as well as valuable advice to help companies scale, including lessons learned from the more mature technology and consumer internet market in India.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Jungle Venture Pte Ltd. Undisclosed -
- - - - Jungle Ventures Undisclosed -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

*No contact information was provided at the time of disclosure.*

 

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

How it works

How it works