Jungle Ventures Fund IV secures $25 Mn from IFC; to invest in 20 startups
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World Bank’s investment arm International Finance Corporation (IFC) has committed to investing $25 Mn in Singapore-headquartered venture fund Jungle Ventures, which plans to raise $300 Mn as part of its Fund IV. Additionally, IFC is considering a delegated authority co-investment envelope for an additional amount of up to $25 Mn for potential co-investments with the fund in its portfolio companies.