According to the bank's website, "The proposed investment is for up to US$25 million in Jungle Ventures IV, L.P. (the “Fund”), an early-stage venture fund focused on Southeast Asia. Jungle is targeting to raise US$300 million in commitments to invest in 15 to 20 early stage, high-growth companies in sectors such as consumer internet, fintech, business to business (B2B) and small and medium enterprises (SME) tech-focused companies.A delegated authority co-investment envelope for an amount of up to US$25 million in potential co-investments in the Fund’s portfolio companies is also being proposed alongside the Fund commitment."
The target size of the Fund is US$300 million. IFC’s proposed investment in the Fund is up to US$25 million. A delegated authority co-investment envelope of up to US$25 million in potential co-investments in the Fund’s portfolio companies is also being proposed alongside the Fund commitment.
The Fund will be managed by Jungle Ventures Pte Ltd, led by its three managing partners, Amit Anand, Anurag Srivastava and David Gowdey. Jungle Ventures currently also manages Fund II (2016/US$100 million) and Fund III (2019/US$200 million).
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Jungle Ventures||Parent Company||-|
|-||-||-||-||JUNGLE VENTURES IV, L.P.||Client||-|
Jungle Ventures Pte Ltd
Amit Anand, Managing Partner
One George Street #07-02
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