IFC injects $2m in SeedPlus to fund early stage startups in Asia

Nadine Freischlad, reporting for Tech in Asia;

IFC, a member of the World Bank Group, today announced a US$2 million equity investment in SeedPlus, a seed stage venture fund based in Singapore, to support early stage technology entrepreneurship in Asia.

SeedPlus is a collaboration between four investment firms – Jungle Ventures, Infocomm Investments, Accel Partners, and RNT Associates.

SeedPlus

SeedPlus, a seed stage venture fund based in Singapore. The firm invests S$500k to 1M in early stage companies on market terms. Once the investment is in place, they’ll help you to grow to profit or the next round of funding through our network and our full­-time operating partners.

SeedPlus is a network of networks. Between Jungle Ventures, PwC, Google, Accel Partners and Infocomm Investments,