Illustrative image (Source: Internet)

Singapore’s Temasek Holdings has pledged to lay out 65 million USD on 20 technology start-ups in Singapore.

The investment company owned by the Government of Singapore will pour money into the fund Jungle Ventures who will then invest between three and five million USD into each start-up.

Jungle Ventures hopes that it will raise around 100 million USD within three months. Other investors are Singapore’s National Research Fund and the Family Office.

Jungle Ventures invests across all early stages of start-ups and has investments in India, Southeast Asia, China and the United States.-VNA