#Asia Sowing the seed of entrepreneurship: Jungle Ventures teams up with leading VCs to launch a seed fund

//

SeedPlus targets promising startups and graduates from successful accelerator programmes across Southeast Asia

Jungle Ventures' Founding and Managing Partners Amit Anand (left) and Anurag Srivastava

Jungle Ventures’ Founding and Managing Partners Amit Anand (left) and Anurag Srivastava

Singapore-based early-stage VC fund Jungle Ventures has teamed up with Infocomm Investments, Accel Partners India and Ratan Tata’s RNT Associates to create a seed-stage VC fund.

Christened SeedPlus, the new fund also has Google Southeast Asia and PwC Singapore as strategic partners on board.

Also Read: Jungle Ventures and Accel fund online B2B marketplace Moglix

Run by partners with strong global operational backgrounds, SeedPlus is focusing on investing in companies that are targeting large addressable markets and have the ability to expand globally. Target companies include promising startups and graduates from successful accelerator programmes across the region.

SeedPlus has also appointed Michael Smith Jr (former CTO of streaming service HOOQ), Gabriel Lundberg (former Product Manager at Spotify) and Tiang Lim Foo (formerly with Evernote Asia Pacific) as operating partners to spearhead its activities.

“We are looking for companies with the potential to upend an industry on a wide scale. With the objective of doing only a half dozen investments per year, we want to make sure we actively help build and scale these businesses along with the founding teams,” said Smith Jr.

“SeedPlus aims to be a network of networks. Between Jungle Ventures, Accel, PwC Singapore, Google, IIPL and RNT Associates, there are very few questions we can’t answer and little support we can’t give. Our mandate is to adopt a hands-on approach. We co-locate with each investment, and our operating partners will spend several days out of each week solving hard problems for and with the founders,” said Foo.

The post Sowing the seed of entrepreneurship: Jungle Ventures teams up with leading VCs to launch a seed fund appeared first on e27.

from e27 http://ift.tt/25wyH18

Ce contenu a été publié dans #Asia par Startup365. Mettez-le en favori avec son permalien.

A propos Startup365

Chaque jour nous vous présenterons une nouvelle Startup française ! Notre pays regorge de talents et d'entrepreneurs brillants ! Alors partons à la découverte des meilleures startup françaises ! Certaines d'entre elles sont dans une étape essentielle dans la vie d'une startup : la recherche de financement, notamment par le financement participatif (ou crowdfunding en anglais). Alors participez à cette grande aventure en leur faisant une petite donation ! Les startups françaises ont besoin de vous !