PROJECT

Projects

Summary of Investment Information

Project Number

45414

Company Name

JUNGLE VENTURES IV, LP

Date SPI Disclosed

Apr 29, 2021

Country

East Asia and Pacific Region

Region

East Asia and the Pacific

Projected Board Date

May 27, 2021

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Dec 21, 2023

Department

CDFVC - Disruptive Technologies and Funds/VC Funds and ISC Funds

Industry

Funds

Previous Events

Approved : May 27, 2021
Signed : Aug 18, 2021
Invested : Oct 4, 2021

Sector

Venture Capital Fund

Project Description

 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.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation