Jungle Ventures\u2019 SeedPlus, which targets early-stage deals in Asia, has closed its first fund with backing from the investment arms of Fidelity International Ltd. and Cisco Systems Inc. Other investors in the S$25 million ($18 million) fund are Ratan Tata\u2019s RNT Associates, Accel Partners (India) and International Finance Corp., a unit of the World Bank. The fund\u2019s focus includes financial technology, artificial intelligence and cyber security. Some of its recent investments include business-to-business e-commerce platform Moglix and Mimetic.ai, an AI scheduling assistant. SeedPlus underscores Jungle Ventures\u2019 ambition to emulate the success of some of the U.S. venture capital firms that have launched different funds targeting specific industries or stages of technology startups, according to Jungle\u2019s founder Amit Anand. You might also want to see this: \u201cWe want to create a network of funds that work with each other, capture very niche opportunities versus a giant, $1 billion fund that does everything under the sun,\u201d Anand told Bloomberg News. Singapore-based Jungle Ventures, which raised a second fund valued at $100 million last year, has hired former Google employee Chirayu Wadke as a partner to lead the firm\u2019s investments in the Internet of Things.