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Entrepreneurs backing entrepreneurs


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Entrepreneurs backing entrepreneurs


Partnership of entrepreneurs

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.

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Global winners in Asia


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Global winners in Asia


Asia as a fast growing market

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.

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Team


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Team


Peng T. Ong - Managing Director

Peng was the co-founder and CTO of Match.com (acquired by IAC). After Match.com, he was the founder and CEO of Interwoven, which went public on NASDAQ and grew to a $10B market cap, before being acquired and is now part of HP. After Interwoven, Peng founded Encentuate (acquired by IBM). Most recently, Peng was a Partner at GSR Ventures, a leading VC in China. Peng has also served on many boards, including SingTel and YY.com. Peng earned a B.S. in Electrical Engineering from the University of Texas and an M.S. in Computer Science from the University of Illinois.

http://sg.linkedin.com/in/pengtong

Kuo-Yi Lim - Managing Director

Kuo-Yi is a Managing Director at Monk's Hill Ventures. He was the CEO of Infocomm Investments, a $200M venture fund based in Singapore investing in technology startups globally. Prior to Infocomm, Kuo-Yi was a senior sales executive at Encentuate (acq. by IBM) and Reputation Technologies (acq. by Security Sources), and co-founder of SportsHook, a sports-focused SaaS platform. Kuo-Yi graduated from MIT with B.S., M.S., and PhD degrees in electrical engineering.

linkedin.com/in/limky

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Hwei Ying Leong – Director, Operations and Fund Administration Hwei Ying was the Finance Manager at GSR Ventures in Silicon Valley, California where she focused on fund operations and portfolio management. Prior to GSR Ventures, Hwei Ying held various positions with the Morgan Stanley and JPMorgan research teams in Singapore. Hwei Ying graduated with a BSc in Economics from The London School of Economics and an MA from Yale University.

Hwei Ying Leong – Director, Operations and Fund Administration

Hwei Ying was the Finance Manager at GSR Ventures in Silicon Valley, California where she focused on fund operations and portfolio management. Prior to GSR Ventures, Hwei Ying held various positions with the Morgan Stanley and JPMorgan research teams in Singapore. Hwei Ying graduated with a BSc in Economics from The London School of Economics and an MA from Yale University.

Grace Sugihartati - Operations

Grace has had various roles as a HR manager and executive administrator in both Indonesian and international companies. She was educated in both Australia and Indonesia and holds a law degree from the University of Lampung in Indonesia.

OPERATING ADVISORS

Tom Clayton Tom started numerous tech startups, which have raised $180M+. Currently he is VP of International Operations at Houzz. Prior to joining Houzz, he ran Bubbly until its acquisition by Altruist and led the Mobile Business at BEA Systems, an infrastructure software company acquired by Oracle for $8.5B. Before BEA, Tom helped start 5 different companies in Silicon Valley – ranging from an Internet company to a high-end audio manufacturer. Tom has also served on the boards of over a dozen other VC-backed companies. Tom holds a B.S. from U.C. Berkeley and an MBA from Harvard.

Tom Clayton

Tom started numerous tech startups, which have raised $180M+. Currently he is VP of International Operations at Houzz. Prior to joining Houzz, he ran Bubbly until its acquisition by Altruist and led the Mobile Business at BEA Systems, an infrastructure software company acquired by Oracle for $8.5B. Before BEA, Tom helped start 5 different companies in Silicon Valley – ranging from an Internet company to a high-end audio manufacturer. Tom has also served on the boards of over a dozen other VC-backed companies. Tom holds a B.S. from U.C. Berkeley and an MBA from Harvard.

Andy Hidayat Andy is an entrepreneur and co-founded several technology companies in Indonesia. He has experience in leading a company from startup to IPO. Technology companies that he founded or co-founded include 2C2P Indonesia, CODE.ID, Care Technologies, Integrasi, LunchActually Indonesia and more. Andy is a drop-out of Electronic Engineering Satyawacana University.

Andy Hidayat

Andy is an entrepreneur and co-founded several technology companies in Indonesia. He has experience in leading a company from startup to IPO. Technology companies that he founded or co-founded include 2C2P Indonesia, CODE.ID, Care Technologies, Integrasi, LunchActually Indonesia and more. Andy is a drop-out of Electronic Engineering Satyawacana University.

Vihang Patel Vihang is an entrepreneur, building startups around Big Data, Cloud and Mobile. He is currently CTO of Dragon Wealth. Most recently he was driving technology at Crayon Data. Previously he founded Avagam (acquired by Crayon Data), was a consultant for Deloitte and a boutique strategy firm working across 2 continents and 5 cities. Vihang earned a B.S. (Hons) and M.S. from the Indian Institute of Technology (IIT), Kharagpur in Mathematics and Computer Science.

Vihang Patel

Vihang is an entrepreneur, building startups around Big Data, Cloud and Mobile. He is currently CTO of Dragon Wealth. Most recently he was driving technology at Crayon Data. Previously he founded Avagam (acquired by Crayon Data), was a consultant for Deloitte and a boutique strategy firm working across 2 continents and 5 cities. Vihang earned a B.S. (Hons) and M.S. from the Indian Institute of Technology (IIT), Kharagpur in Mathematics and Computer Science.

Jon Sugihara Jon has founded a number of companies in the US and Asia. Most recently he was the co-founder and co-CEO of Perx in Singapore. Prior to Perx, Jon started PlayHawaii (acquired by NCrowd) and SavvyCircle (acquired by Eyeona). Jon is currently the Chief Product Officer at RedMart. Jon earned a B.S. in Computer Science from Johns Hopkins University.

Jon Sugihara

Jon has founded a number of companies in the US and Asia. Most recently he was the co-founder and co-CEO of Perx in Singapore. Prior to Perx, Jon started PlayHawaii (acquired by NCrowd) and SavvyCircle (acquired by Eyeona). Jon is currently the Chief Product Officer at RedMart. Jon earned a B.S. in Computer Science from Johns Hopkins University.

Sian W. Tan Sian was an early investor and pioneer of touch feedback across networks for Immersion and holds 10 patents. Immersion’s technology is now felt through major console game controllers, automotive, medical and mobile systems. He developed the spinout program for the Fraunhofer Society, Europe’s largest contract research organization that created MP3 and advised Primesense, makers of Microsoft’s Kinect. He later founded and was CEO of Thermagine, providers of advanced phase-change energy storage solutions. Sian holds a BSc in Mathematics and Physics from the University of Bristol, a M.S. and Ph.D. in Mechanical Engineering from Stanford University. He was an Entrepreneur-In-Residence at the Kauffman Foundation.

Sian W. Tan

Sian was an early investor and pioneer of touch feedback across networks for Immersion and holds 10 patents. Immersion’s technology is now felt through major console game controllers, automotive, medical and mobile systems. He developed the spinout program for the Fraunhofer Society, Europe’s largest contract research organization that created MP3 and advised Primesense, makers of Microsoft’s Kinect. He later founded and was CEO of Thermagine, providers of advanced phase-change energy storage solutions. Sian holds a BSc in Mathematics and Physics from the University of Bristol, a M.S. and Ph.D. in Mechanical Engineering from Stanford University. He was an Entrepreneur-In-Residence at the Kauffman Foundation.

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Companies


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Companies


Our COMPANIES

SEA's #1 Financial & Insurance Portal

SEA's #1 Financial & Insurance Portal

Technology-based last-mile logistics.

Technology-based last-mile logistics.

Next generation real estate platform.

Next generation real estate platform.

Prior Companies

We're a new fund. But we're not new to investing, and certainly not new to building companies. Here are a number of companies that we invested in and a few that we have built....

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News


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News


Press Release (March 4, 2015)

Finance and insurance portal Compare88 Group raises Series A 

Jakarta – Finance and insurance portal Compare88 Group announced today that it has raised an undisclosed amount in Series A funding from Singapore-based Monk’s Hill Ventures.

Compare88 owns and operates the CekAja.com brand in Indonesia – the country’s highest-trafficked independent finance and insurance portal, as well as the eCompareMo.com brand in The Philippines. The company will use the funds to further accelerate its growth in the region, expand the team and build out its technology.

CEO and co-founder, John Patrick Ellis says: “We are delighted to partner with Monks Hill Ventures and their executive team of accomplished entrepreneurs.  We share a long-term vision and conviction that online comparison and brokerage services will be highly-popular, equitable vehicles of economic growth and consumer protection in the region.”

Compare88 also announced that Monk’s Hill Venture’s managing director Peng T. Ong, who recently stepped down from the board of Singtel.

“Compare88 has grown quickly into the regional leader in this space,” says Ong in a statement, “And, we look forward to working with the team to building a true regional powerhouse in the coming years.”

 

 

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