Monk’s Hill Ventures is a partnership of seasoned entrepreneurs who have built and backed global companies based both in Silicon Valley and Asia. We are a venture capital firm investing in technology startups that will take advantage of the fast growing Asian markets.
We are entrepreneurs. We believe that, above everything else in the startup world, it is the entrepreneur who creates value. The right entrepreneurs have the smarts to correct mis-defined products, the charisma to bring onboard expertise they themselves do not have, and the mental strength to stick through the tough times. With our operating background, we contribute more than just capital. Having built companies ourselves, we collaborate with founders as fellow entrepreneurs to make their vision a reality. Entrepreneurs backing entrepreneurs.
We are technologists. We believe deeply in the positive and increasing impact of technology on our world. Investing in technology companies has never been more attractive, as technology adoption reaches an inflection point. There are now nearly 5 billion mobile subscribers and more than 3 billion internet users globally. With quantum improvement in computing, building and scaling a technology company costs less than 10% of what it took 15 years ago. Leveraging technologies like big data, mobile, and cloud to build significant business is not only possible, but well within economic reach, especially in emerging markets. Innovation is now global.
Monk’s Hill Ventures invests in top entrepreneurs in both early-stage companies in Asia as well as those running leading global growth-stage technology companies looking to enter Asia. Think of us as your trusted partner in Asia.
We are driven to help companies from Asia expand globally, as well as help global companies expand into Asia. Relationships are important in Asia. We know this through the many businesses we have built across Asia - from Japan and China to India and Indonesia. With these relationships and experiences, we help our companies navigate the nuances and specifics of various countries in the region.
Our home bases are Singapore and Jakarta. We are bullish on the attractiveness of Southeast Asia as a region in Asia with rapidly growing opportunities. Singapore has proven to be a great strategic location for expanding to the rest of Asia, while Jakarta is at the heart of a booming consumer economy in one of the most populous countries in the world.
We are excited with the rapid rise of entrepreneurial talent in Southeast Asia over the last ten years. We have seen great companies born in the region built by world-class entrepreneurs. Southeast Asia, with a population of over 600 million, represents enormous potential on a global scale. With some of the most social and mobile users in the world, the region presents fertile ground for the emergence of technology startup winners.
Over the past decade, we have also become trusted advisers and partners to leading VCs in Silicon Valley. We have helped leading growth-stage startups tap the growth veins across Asia. We have helped companies overcome the challenges presented by the region and take advantage of the opportunities. If you are thinking about Asia, you should talk to us.
Press Release (May 15, 2014)
Singapore & Jakarta—Monk’s Hill Ventures launches with a S$100M venture fund and a team of seasoned entrepreneurs focused on early stage technology startups across Asia. The partnership comprises Peng T. Ong, Kuo-Yi Lim and Stefan Jung, and Thomas Clayton as special advisor. The concept of the fund is simple: entrepreneurs backing entrepreneurs. The partnership sees the lack of operational experience as a critical deficiency across the VC landscape in Asia today.
“There are clearly two big gaps in the market. One is the much talked-about Series A funding gap. However, the more significant one that we see is the lack of seasoned entrepreneurs, with deep operating experience, as investors—people who can roll up their sleeves and really help entrepreneurs,” says Peng T. Ong, partner at Monk’s Hill Ventures, “This is what separates the best VCs from the rest.”
The partners of Monk’s Hill Ventures have built numerous Silicon Valley and Asian VC-backed companies over the past two decades, with operating experience in all of the major countries across Asia—from China and Japan to India and Indonesia. They want to leverage this experience to help entrepreneurs build big companies on a global scale. They also bring strong networks across Asia and the US, to help entrepreneurs with further fundraising, landing key enterprise customers, recruiting top talent, and expanding internationally.
“We also want to set the bar for how venture is done in Asia, by bringing the best practices we have personally experienced through working with top VCs ourselves,” said Kuo-Yi Lim, partner at Monk’s Hill Ventures, “a straightforward and transparent process which treats entrepreneurs as partners.”
The partnership views Southeast Asia to be ripe for an explosion of leading technology companies, driven by a confluence of favorable macroeconomic conditions, exciting talent and available capital. “When I first moved to Asia seven years ago, there were only a handful of VC-backed startups,” says Tom Clayton[TC1] , special advisor at Monk’s Hill Ventures, “in just the past three years, there has been a rapid emergence of new entrepreneurs and great startups across Southeast Asia with vibrant ecosystems forming, from Singapore and Jakarta to Bangkok and Manila.”
Monk's Hill Ventures will invest in high-growth technology companies that will take advantage of the fast growing Asian markets. The fund has two primary areas of focus. First will be on early stage, Series A and B, technology startups primarily across Southeast Asia. Second will be on growth rounds of leading startups in Silicon Valley and from around the world that want to expand in Asia.
“I learned a tremendous amount about what it takes to build successful businesses across Asia, and the nuances of each country, as we incubated and scaled up a number of businesses— including Zalora, Lazada and FoodPanda,” says Stefan Jung, partner at Monk’s Hill Ventures, “moreover, we have hired and trained many budding entrepreneurs and now many of them are building some of the top startups across the region.”
Most importantly, Monk’s Hill Ventures wants to help build the overall startup ecosystem—not just its portfolio companies. They aim to help as many startups and entrepreneurs as possible in order to help accelerate the growth across the region. The firm will start off with offices in both Singapore and Jakarta, but plans to continue building out and spending time across the major Asian markets.