Jungle Ventures today announced the appointment of Grace Xia, former senior director of corporate strategy and development at Tencent, as a Principal on their investment team. The strategic hire will complement their position as a leading VC fund in Southeast Asia and India.
At Tencent, Grace was focused on identifying strategic opportunities in emerging markets, building Tencent’s overseas product ecosystem and deploying capital. Her latest initiative at Tencent was a US$19m investment and joint venture with Thailand based Ookbee. “I’m excited to join the Jungle Ventures team at a time of exponential growth of SEA’s digital economy and rising middle class in major cities across the region. As an investor we have the opportunity to back startups that can touch hundreds of millions of people’s lives.” said Grace Xia, Principal at Jungle Ventures.
A Kauffman fellow, Grace has over a decade of experience in investment, corporate strategy and business development across early-stage startups and Fortune 50 companies. Her experience spans technology sectors in both Silicon Valley and emerging markets in Asia. “We are extremely happy to have Grace join the Jungle team as she brings insights and resources that are invaluable in identifying unique investment opportunities, as well as helping our portfolio companies grow. ” said Amit Anand, co-Founder and Managing Partner of Jungle Ventures.
SEAsia has seen an increased interest and investment from Chinese corporates in Southeast Asian startups with over US$ 3.27 billion invested in the region over the past two years. “We’re committed to investing in talent and building the leading investment platform in the region - we believe that Grace will be an asset in helping us realize that vision especially as the region looks to collaborate more deeply with the Chinese tech ecosystem”, added David Gowdey, Managing Partner of Jungle Ventures
“I’m looking forward to investing in extraordinary entrepreneurs who solve local market challenges with innovative technology and business model. I am also excited to work with our portfolio companies or Chinese tech companies and help maximize on the cross border opportunity between SEAsia and China.” summed up Grace Xia, Principal, Jungle Ventures.