This investment round follows an earlier angel round of $1 million.
Jungle Ventures is among the largest VCs in Singapore and had closed its second fund at $100 million in December 2016.
The commodity trader warned it will probably post a net loss of more than $1 billion for Q3.
Investors are putting money into the region’s venture firms as they seek opportunities beyond the US and China.
Fatfish Internet argues that ASEAN bourses cannot support the high valuation of regional technology ventures.
Tek-Yew Chia of KPMG discusses corporate venture capital in-depth.
The Ascott has been aggressively growing through acquisitions during the course of 2017.
The deal includes a greenshoe option for 7.45 million shares, which could lift the value of the offering to $1 billion.
Shares of Noble Group were halted in the afternoon, pending the “announcement of a major transaction,” the company said.