Singapore VC firm Jungle Ventures raises $240 mn for third fund

Singapore-based venture capital firm Jungle Ventures has raised $240 million for its third fund. The fund is backed by Cisco Investments, DEG, among others. It has already invested in five companies across Southeast Asia. The fund has also raised an additional $40 million in separately managed account commitments and had previously raised $12 million and $100 million in separate rounds.