The Hubert Media-backed vehicle, which will support Southeast Asian startups, is ten times the size of the firm's debut vehicle, which closed in 2012.
Singapore-based venture capital firm Jungle Ventures has closed a $100m fund supported by media company Hubert Media, TechinAsia reported on Wednesday.
Other investors include Temasek, an investment firm owned by Singapore’s government and state-funded National Research Foundation of Singapore as well as family offices belonging to entrepreneur Khoon Hong Kuok, nephew of Malaysian billionaire Robert Kuok, and manufacturing conglomerate Kewalram Chanrai Group respectively.
The fund is 10 times the size of Jungle Ventures’ inaugural vehicle and will focus on series A…
