Jungle Ventures launches new fund with investment in mobile media solutions provider Cinemacraft
October 14, 2011 by Gwendolyn Regina T
Singapore-based fund Jungle Ventures launches its inaugural fund by leading a SGD 1M (USD 780K) investment round into mobile media solutions provider Cinemacraft. Joining the round were Jayesh Parekh, Founder, Sony Entertainment Television; Jai Maroo, Director, Shemaroo Entertainment; Devesh Chetty, Director, RGM Media and Takuro Wakabayashi, Xseed Partners.
Cinemacraft’s vision is to enable every mobile device to be transformed into a television. Tapping on the increase in demand for mobile TV and IPTV, Cinemacraft provides consumers with a single platform for content across different formats and brings it together as an interactive media broadcast mobile solution, enabling the experiencing of both live and on-demand video with superior clarity and quality on mobile devices.
The technology is based on their own patented compression and format (Prime Streaming Format) server technologies.
Sandeep Casi, founder of Cinemacraft says that this investment will be used to further product development and early rollouts in their core markets of Japan, Indonesia and India. In addition to this funding round, Cinemacraft has also gotten a grant from Singapore’s Infocomm Development Authority specifically for product development in Singapore.
On why Jungle Ventures picked Cinemacraft for their first investment for this technology-focused fund, Amit Anand, Managing Partner says, “Cinemacraft is laying the foundation for a video-powered interactive media network in Asia and we are very excited to be part of this”.
The firm plans to focus this inaugural fund on “significant investments in micro themes that impact consumer behavior in their target geographies”. While mostly sector-agnostic, they will look more closely at the Media & Entertainment, Digital Consumerism, Travel & Hospitality, Human Capital Management, Education and Design industries.
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About The Author
Gwendolyn Regina T - Co-Founder and Editor-in-Chief
Gwen is the co-founder and editor-in-chief of SGE. Previously, she was a partner of early stage technology investment firm, Thymos Capital and she has had two exits, one of which is iHipo. She is also an investor in Padlet, a Y-Combinator startup. Gwen also sits on the Board of Advisors for the Singapore Innovation & Productivity Institute, Steering Commmittee for the Singapore Infocomm Technology Federation Awards 2013, and Board of Advisors for Social Media Week 2013. A frequent public speaker, mentor and judge at various startup bootcamps, events and competitions, Gwen loves meeting founders, developers, designers and scientists across all ages. An alumnus of the National University of Singapore and its University Scholars Programme, Gwen also spent some time in Silicon Valley and is a graduate of the NUS-Stanford University overseas college programme. She is also a mentor at Polish tech startup incubator Gamma Rebels, the Singapore curator for US-headquartered StartupDigest and the Singapore Ambassador for the Sandbox Network - the leading global network of innovators under 30. Gwen has also been a Worldwide Judge for Imagine Cup - the premier student technology competition helmed by Microsoft. She has also spoken in Hong Kong at one of its largest youth conferences, MaD Asia, and was recently in Austria to help envision the future of the country's economy in 2032 on invitation from an Austrian governmental organization. Gwen speaks 3.25 languages, loves physics, travelling, dance and adventure sports. She can be found on LinkedIn and Twitter.Read other posts by Gwendolyn Regina T