Jungle Ventures launches $10m 'super angel' fund
Jungle Ventures, a Singapore-based investment firm, has launched a new "super angel” fund, which has raised an initial $10 million to be invested in start-ups across Asia.
Amit Anand, Jungle Ventures' founder and managing partner, said that the fund will target seed-to-series-A funding opportunities, with investments ranging from US$100,000 to US$1 million.
"We have made 4-5 investments every year over the last few years and look to steadily increase this in 2013 and onwards," he said in a statement. "We are actively collaborating with leading venture capital funds across the world to support go-to market plans for our investee companies under this Program."
Investors in the fund include Asian entrepreneurs and tech executives such as Jayesh Parekh, co-founder of Sony Entertainment Televevision, Spacematrix CEO Anurag Srivastava, Match.com founder Peng T. Ong, Skype vice president Dan Neary, Toivo Annus, Skype's former engineering head, and JobsCentral founder Lim Der Shing, among others.
The fund also partners with 500Startups to support go-to-market plans for portfolio companies.
Jungle Ventures recently committed $1 million in seed funding to short-term rental site Travelmob. In July it led a $ 1.7 million round for Mobikon Asia, a Singapore-India start-up that provides integrated digital marketing solutions for hospitality and retail clients.
The venture capital firm currently has $15 million in assets under management. It also operates a seed fund and incubator in Singapore and India, focused on angel level investments.
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