SIFEM Invests USD 15 Million in Jungle Ventures V to Foster Innovation in Asia
Zurich, November 13, 2024 – The Swiss Investment Fund for Emerging Markets (SIFEM), managed by responsAbility Investments AG, has committed USD 15 million to Jungle Ventures V, L.P. This investment marks the beginning of a more systematic approach by SIFEM to invest in venture capital funds to support small and early-stage innovative companies in emerging markets.
Jungle Ventures is one of the largest independent venture capital firms in Southeast Asia and India, having raised over USD 1 billion across five funds. The firm has supported more than 60 high-growth technology companies, enabling entrepreneurs to become national, regional, or global industry leaders. Jungle Ventures addresses critical challenges, such as market access and market inefficiencies across the region.
This investment aligns with the Sustainable Development Goals (SDGs)1 9 (Industry, Innovation, and Infrastructure), 3 (Good Health and Well-being), and 8 (Decent Work and Economic Growth), thereby promoting innovation and economic inclusion.
responsAbility as Portfolio Manager of SIFEM responsAbility has managed the SIFEM portfolio since March 1, 2023, bringing its extensive expertise in impact investing to support SIFEM’s mandate. This mandate involves promoting investments that contribute to long-term, sustainable economic growth in developing and emerging countries.
About SIFEM SIFEM serves as Switzerland’s Development Finance Institution (DFI). Established in 2011 as a public limited company fully owned by the Swiss Confederation, SIFEM plays a key role in Switzerland's international cooperation strategy. SIFEM provides long-term financing to small and medium-sized enterprises (SMEs) in developing and emerging countries through local financial intermediaries. By doing so, SIFEM aims to reduce poverty while fostering sustainable, inclusive, and resilient economies. Its focus also extends to tackling the root causes of climate change and enhancing communities' resilience to its effects.
About responsAbility Investments AG responsAbility Investments AG is a leading impact asset manager specializing in private market investments across three investment themes. These themes directly contribute to the United Nations Sustainable Development Goals (SDGs): Financial Inclusion, to finance the growth of Micro & SMEs; Climate Finance, to contribute to a net zero pathway; and Sustainable Food, to sustainably feed an ever-growing population. All responsAbility investment solutions target specific measurable impact alongside market returns.
Since its inception in 2003, responsAbility has deployed over USD 15.7 billion in impact investments. With over 270 employees collaborating across 8 offices, as of 30 September 2024 the company manages USD 5.1 billion in assets across approximately 300 portfolio companies in around 70 countries. Since 2022, responsAbility has been part of M&G plc, the international savings, and investments business, and contributes to enhancing M&G’s capabilities in impact investing.
1 Please note that while we support the UN SDGs, we are not associated with the UN and our funds are not endorsed by them.
Contact
Richard Rogers
responsAbility Investments AG
+41 44 403 2151
media@responsability.com
Legal Disclaimer
This information was produced by responsAbility Investments AG together with its partners to the best of its knowledge and belief. However, responsAbility Investments AG provides no guarantee with regards to its content and completeness and does not accept any liability for losses which might arise from making use of this information. The opinions expressed in this information material are those of responsAbility Investments AG at the time of writing and are subject to change at any time without notice. If nothing is indicated to the contrary, all figures are unaudited. This material is provided for information purposes only. It does not constitute an offer or a recommendation to buy or sell financial instruments or services and does not release the recipient from exercising his/her own judgment. It is expressly not intended for persons who, due to their nationality or place of residence, are not permitted access to such information under local law.
Copyright © 2024 responsAbility Investments AG. All rights reserved.