Jungle Ventures offshoot SeedPlus has exceeded its hard cap with funding from limited partners including corporate venturing unit Cisco Investments.
SeedPlus, a fund launched by Singapore-based venture capital firm Jungle Ventures, has raised more than S$25m ($18m) from limited partners including networking equipment manufacturer Cisco, the Economic Times reported on Monday.
The fund’s other LPs include Eight Roads Ventures, which invests as a VC branch of financial services conglomerate Fidelity, and International Finance Corporation (IFC), the private sector investment arm of multilateral financial institution World Bank.
IFC made a $2m commitment to SeedPlus in November 2016 and the fund’s other LPs include…
