Deals

Welcome to the Jungle; it's got $10M for startups across Asia

Jungle Ventures, a venture capital firm based in Singapore, released $10 million into the startup wilderness today as part of a “super angel” fund that will support entrepreneurs all across Asia.

Jungle Ventures invests in seed to early-stage startups, primarily in Southeast Asia. Its portfolio consists mostly of consumer Internet, software-as-a-service, and media startups. Companies include Cinemacraft.tv, a developer of video platforms; health startup DocDoc; Mobikon Technologies, which offers digital marketing tools for the hospitality industry; and travel social marketplace Travelmob.

In its current incarnation, Jungle Ventures has been active for about two years, making four to five investments a year. It announced this latest pool today at TechVenture2012, a three-day event held in Singapore that connects entrepreneurs with executives, investors, and other influencers.

Investors in the fund include Peng T. Ong (Founder- Match.com, Interwoven, and Encentuate), Dan Neary (VP & GM Global Market Development, Skype), Anurag Srivastava (CEO, Spacematrix), Jayesh Parekh (Co-founder, Sony Entertainment Television), Toivo Annus (former Head of Engineering at Skype), Lim Der Shing (Founder-CEO, JobsCentral) amongst other angels and institutional investors.

500 Startups and Accel India are also participating in this initiative, which can bolster their own portfolios.