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Bloomberg
Singapore’s Jungle Ventures has raised $175 million from investors including Temasek Holdings Pte for the first close of its third fund, according to people familiar with the matter.
The firm is likely to exceed its original target of $200 million as it finishes raising money for the fund in the next few months, said the people, asking not to be named because the matter is private.
Other investors in the new fund include the family office of entrepreneur Kuok Khoon Hong who runs Wilmar International, International Finance and Cisco Investments, they said.