Tiger Global raises US$2.5bn in new funding for internet companies

27 Nov 2014

Global investment firm Tiger Global Management has raised US$2.5bn in new funding – just six months after raising US$1.5bn in April.

The new combined funds will be split between a new US$1.5bn Global Internet Opportunities fund that will launch in January and a US$1bn Global Long Opportunities fund.

Tiger Global confirmed the raising of the fund in a filing to the Securities and Exchange Commission.

To date, Tiger Global has made 102 investments in 66 companies and exits have taken the form of two IPOs and five acquisitions.

Last year, Tiger Global Management acquired Irishman Paul Kenny’s Middle East-based e-commerce firm Cobone.com for an estimated US$40m.

Tiger image via Shutterstock

John Kennedy is a journalist who served as editor of Silicon Republic for 17 years