Monk’s Hill Ventures Brings New US$80 Million Series A and B Fund to South East Asia to Invest in Startups

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As many American startups have made the move to Asia, the western VC model of ‘entrepreneurs backing entrepreneurs’ has also followed.

Monk’s Hill Ventures, a newly launched VC fund, plans on investing US $80 million into tech startups all across the APAC region at the Series A and B level. Besides being led by a team of veteran entrepreneurs who have built and backed startups in Silicon Valley and Asia, Monk’s Hill is also a VC fund based in South East Asia (with offices in Singapore and Jakarta), which is still a new concept in the region.

We had a chat with managing director Peng T. Ong to find out more about this innovative new fund and the gaps it hopes to fill.

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