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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 post-seed stage tech startups that will take advantage of the fast growing Southeast 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 post-seed companies in Southeast Asia. Think of us as your trusted partner in Asia.

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Global winners in Asia


Global winners in Asia


SOUTHEAST Asia as a fast growing market

 

We are driven to help companies from Southeast Asia expand globally. 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 Southeast Asia, you should talk to us.

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Team


Team


Peng T. Ong - Managing Partner 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

Peng T. Ong - Managing Partner

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

Michele Daoud - Principal Michele was an early employee and Director at Udemy, the largest global online education marketplace where she lead content business development, strategy and creation based out of San Francisco. Prior to that Michele worked in Google's New Products & Services team in London overseeing display advertising platforms for Europe and North Africa. Michele was also a strategy consultant for telecom operators in the Middle East and Africa based out of Dubai. Michele has an MBA from Stanford's Graduate School of Business and a bachelor degree in Mechanical Engineering. https://www.linkedin.com/in/micheledaoud

Michele Daoud - Principal

Michele was an early employee and Director at Udemy, the largest global online education marketplace where she lead content business development, strategy and creation based out of San Francisco. Prior to that Michele worked in Google's New Products & Services team in London overseeing display advertising platforms for Europe and North Africa. Michele was also a strategy consultant for telecom operators in the Middle East and Africa based out of Dubai. Michele has an MBA from Stanford's Graduate School of Business and a bachelor degree in Mechanical Engineering.

https://www.linkedin.com/in/micheledaoud

Abel Velardi - Junior Analyst Abel has been involved in a number of startups in Indonesia and most recently in the US. He served as a client partner and business operations analyst for Boston-based startup SpendLead (now known as Koble) where he worked on sourcing and procurement projects with large corporations, such as Oerlikon, SNCF, and AXA. Abel graduated from Boston University with a B.S. in Finance. https://www.linkedin.com/in/abelvelardi

Abel Velardi - Junior Analyst

Abel has been involved in a number of startups in Indonesia and most recently in the US. He served as a client partner and business operations analyst for Boston-based startup SpendLead (now known as Koble) where he worked on sourcing and procurement projects with large corporations, such as Oerlikon, SNCF, and AXA. Abel graduated from Boston University with a B.S. in Finance.

https://www.linkedin.com/in/abelvelardi

Kuo-Yi Lim - Managing Partner Kuo-Yi 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 (acquired by IBM) and Reputation Technologies (acquired by Security Sources), and co-founder of SportsHook, a sports-focused SaaS platform. Kuo-Yi started his career at the Boston Consulting Group, working with clients in the automotive, telecom and financial services industries. Kuo-Yi graduated from MIT with B.S., M.S., and PhD degrees in electrical engineering.  http://linkedin.com/in/limky

Kuo-Yi Lim - Managing Partner

Kuo-Yi 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 (acquired by IBM) and Reputation Technologies (acquired by Security Sources), and co-founder of SportsHook, a sports-focused SaaS platform. Kuo-Yi started his career at the Boston Consulting Group, working with clients in the automotive, telecom and financial services industries. Kuo-Yi graduated from MIT with B.S., M.S., and PhD degrees in electrical engineering. 

http://linkedin.com/in/limky

Lucy Luo - Associate Lucy used to work in corporate law and business development for tech companies in New Zealand. Prior to that, her experiences include co-founding an eco-friendly startup, and working with tech startups at an accelerator. Lucy graduated with double degrees in Law (Hons) and Finance from the University of Auckland, and spent time studying at the Chinese University of Hong Kong and Peking University.  https://sg.linkedin.com/in/lucysjluo

Lucy Luo - Associate

Lucy used to work in corporate law and business development for tech companies in New Zealand. Prior to that, her experiences include co-founding an eco-friendly startup, and working with tech startups at an accelerator. Lucy graduated with double degrees in Law (Hons) and Finance from the University of Auckland, and spent time studying at the Chinese University of Hong Kong and Peking University. 

https://sg.linkedin.com/in/lucysjluo

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OPERATING ADVISORS

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. https://www.linkedin.com/in/andyhidayat

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.

https://www.linkedin.com/in/andyhidayat

Vihang Patel Vihang is an entrepreneur, building startups around Big Data, Cloud and Mobile. He is currently the 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. https://www.linkedin.com/in/vihangpatel

Vihang Patel

Vihang is an entrepreneur, building startups around Big Data, Cloud and Mobile. He is currently the 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.

https://www.linkedin.com/in/vihangpatel

Jon Sugihara Jon has founded a number of companies in the US and Asia. Currently, he is the Chief Product Officer of KODAKIT. Most recently, he was the Chief Product Officer of RedMart and previously, 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 earned a B.S. in Computer Science from Johns Hopkins University. https://www.linkedin.com/in/sugihara

Jon Sugihara

Jon has founded a number of companies in the US and Asia. Currently, he is the Chief Product Officer of KODAKIT. Most recently, he was the Chief Product Officer of RedMart and previously, 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 earned a B.S. in Computer Science from Johns Hopkins University.

https://www.linkedin.com/in/sugihara

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.

Justin Nguyen Justin is an entrepreneur, investor, and engineer who has played instrumental roles in four start-ups in Silicon Valley, Shanghai, and Vietnam. Most recently, he founded Asian-focused gaming company Aspect Gaming, where he raised more than $18 million in funding and lead it to become a leading supplier in the industry. Before that, Justin worked his way from engineering manager to China CEO of StarCite, which he helped transform from a dotcom consumer play into a thriving enterprise SaaS company, growing from zero to more than $50 million in revenue. Earlier in his career Justin managed engineers at Silicon Gaming and served as the founding software engineer of Maximum Information, one of the earliest internet acquisitions of the era. Justin studied computer engineering at the California Polytechnic State University at San Luis Obispo. https://www.linkedin.com/in/justinnguyen

Justin Nguyen

Justin is an entrepreneur, investor, and engineer who has played instrumental roles in four start-ups in Silicon Valley, Shanghai, and Vietnam. Most recently, he founded Asian-focused gaming company Aspect Gaming, where he raised more than $18 million in funding and lead it to become a leading supplier in the industry. Before that, Justin worked his way from engineering manager to China CEO of StarCite, which he helped transform from a dotcom consumer play into a thriving enterprise SaaS company, growing from zero to more than $50 million in revenue. Earlier in his career Justin managed engineers at Silicon Gaming and served as the founding software engineer of Maximum Information, one of the earliest internet acquisitions of the era. Justin studied computer engineering at the California Polytechnic State University at San Luis Obispo.

https://www.linkedin.com/in/justinnguyen

Helen Foo Helen is a seasoned executive turned investor who has successfully taken a number of products from ideas on paper to multi-million dollar businesses.  Helen was an early employee and one of the first product managers at both Akamai, a S&P 500 company and a pioneer of internet content delivery network (CDN), and at Charles River Development, a global leader in financial technology.  Most recently she was a founding VP of Products at DataYes, a FinTech startup in China. Helen enjoys helping entrepreneurs hone in on their product strategy, optimize execution, and build sustaining businesses. She holds degrees from MIT in Electrical Engineering and Computer Science. https://www.linkedin.com/in/helenfoo

Helen Foo

Helen is a seasoned executive turned investor who has successfully taken a number of products from ideas on paper to multi-million dollar businesses.  Helen was an early employee and one of the first product managers at both Akamai, a S&P 500 company and a pioneer of internet content delivery network (CDN), and at Charles River Development, a global leader in financial technology.  Most recently she was a founding VP of Products at DataYes, a FinTech startup in China. Helen enjoys helping entrepreneurs hone in on their product strategy, optimize execution, and build sustaining businesses.

She holds degrees from MIT in Electrical Engineering and Computer Science.

https://www.linkedin.com/in/helenfoo

Niki Luhur Niki is the founder and chairman of Kartuku, the leading independent payment infrastructure platform for Indonesia.  Outside of Kartuku, Niki focuses his time on helping build the Indonesian entrepreneurial ecosystem with his engagement at Endeavor. Niki was selected as Indonesia's first Endeavor High Impact Entrepreneur in 2012, and was recently awarded Endeavor's Entrepreneur of the Year in 2015. Continuing his passion for fintech, Niki is determined to drive financial inclusion through developing a collaborative Fintech ecosystem in Indonesia. He currently serves as Chairman of the Indonesian FinTech Association. https://www.linkedin.com/in/niki-luhur-1053481

Niki Luhur

Niki is the founder and chairman of Kartuku, the leading independent payment infrastructure platform for Indonesia. 
Outside of Kartuku, Niki focuses his time on helping build the Indonesian entrepreneurial ecosystem with his engagement at Endeavor. Niki was selected as Indonesia's first Endeavor High Impact Entrepreneur in 2012, and was recently awarded Endeavor's Entrepreneur of the Year in 2015.
Continuing his passion for fintech, Niki is determined to drive financial inclusion through developing a collaborative Fintech ecosystem in Indonesia. He currently serves as Chairman of the Indonesian FinTech Association.

https://www.linkedin.com/in/niki-luhur-1053481

Juha Paananen Juha is an entrepreneur in the games business. Currently Juha is the General Manager at Nonstop Games, a King studio in Singapore. Previously Juha was the co-founder and CEO at Nonstop Games, leading the company through two funding rounds and launching of Heroes of Honor, world’s first mobile strategy game with a real-time map. Following the acquisition of Nonstop Games by King in August 2014, Juha continues to manage the studio based in Singapore. Juha is also an angel investor in several games and mobile startups. Juha studied in Helsinki University of Technology. https://www.linkedin.com/in/juha-paananen-26729

Juha Paananen

Juha is an entrepreneur in the games business. Currently Juha is the General Manager at Nonstop Games, a King studio in Singapore. Previously Juha was the co-founder and CEO at Nonstop Games, leading the company through two funding rounds and launching of Heroes of Honor, world’s first mobile strategy game with a real-time map. Following the acquisition of Nonstop Games by King in August 2014, Juha continues to manage the studio based in Singapore. Juha is also an angel investor in several games and mobile startups. Juha studied in Helsinki University of Technology.

https://www.linkedin.com/in/juha-paananen-26729

Linus Lee Linus is currently Head of Data Science at Twitter Singapore, where his team drives insights to help accelerate user growth for Twitter across its key markets. He has been with Twitter since 2012, when he joined its San Francisco headquarters as one of its first data scientists. At Twitter, he has built and led different data science teams serving various functions. Prior to that, Linus was an algorithmic trader at Gray Whale Capital, specializing in statistical arbitrage strategies for trading derivatives. He graduated from Stanford University with a Bachelors degree in Physics and Masters degree in Statistics.  https://www.linkedin.com/in/linuslee1

Linus Lee

Linus is currently Head of Data Science at Twitter Singapore, where his team drives insights to help accelerate user growth for Twitter across its key markets. He has been with Twitter since 2012, when he joined its San Francisco headquarters as one of its first data scientists. At Twitter, he has built and led different data science teams serving various functions.
Prior to that, Linus was an algorithmic trader at Gray Whale Capital, specializing in statistical arbitrage strategies for trading derivatives. He graduated from Stanford University with a Bachelors degree in Physics and Masters degree in Statistics. 

https://www.linkedin.com/in/linuslee1

Tom Clayton Tom has started and run numerous technology startups together which have raised $180M+ across 20+ rounds of fundraising from the likes of Sequoia Capital, Goldman Sachs, JAFCO, SV Angels, SingTel Innov8, etc. Currently running Bubbly, a leading mobile social media company with 40M+ users. Prior to running Bubbly, he 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 another Internet company, Bang Networks, backed by Sequoia and Marc Andreessen, to the high-end audio manufacturer, California Audio Technology. Tom holds a B.S. from University of California at Berkeley and an MBA from Harvard Business School, where he was a Baker Scholar. https://www.linkedin.com/in/tclayton

Tom Clayton

Tom has started and run numerous technology startups together which have raised $180M+ across 20+ rounds of fundraising from the likes of Sequoia Capital, Goldman Sachs, JAFCO, SV Angels, SingTel Innov8, etc. Currently running Bubbly, a leading mobile social media company with 40M+ users. Prior to running Bubbly, he 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 another Internet company, Bang Networks, backed by Sequoia and Marc Andreessen, to the high-end audio manufacturer, California Audio Technology. Tom holds a B.S. from University of California at Berkeley and an MBA from Harvard Business School, where he was a Baker Scholar.

https://www.linkedin.com/in/tclayton

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Portfolio


Portfolio


Our portfolio

SEA's #1 Financial & Insurance Portal

SEA's #1 Financial & Insurance Portal

Leading game developer & publisher  

Leading game developer & publisher

 

Full service e-commerce solution to leading airlines & OTAs  

Full service e-commerce solution to leading airlines & OTAs

 

Cashflow, managed intelligently

Cashflow, managed intelligently

Hyperlocal content discovery platform

Hyperlocal content discovery platform

  Technology-based last-mile logistics.  

 

Technology-based last-mile logistics.

 

Technology-optimized investment management  

Technology-optimized investment management

 

Travel e-commerce platform

Travel e-commerce platform

Building robots that improve everyday lives

Building robots that improve everyday lives

       Indonesia's leading catering aggregator

       Indonesia's leading catering aggregator

  Next generation real estate platform.  

 

Next generation real estate platform.

 

  Social engagement mobile app platform  

 

Social engagement mobile app platform

 

  Intelligent sales development platform

 

Intelligent sales development platform

Native video ads platform for publishers & advertisers

Native video ads platform for publishers & advertisers

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News


News


News archive

Press RELEASE

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Contact Us


Contact Us


 

JAKARTA OFFICE

The Capital Residence
Office Tower, 7th Floor - SCBD Lot 24
Jl. Jenderal Sudirman Kav. 52-53
South Jakarta, Indonesia 12190


Ph: +62 21 515 2771

 

 

 

SINGAPORE OFFICE

Far East Square

32 Pekin Street #04-01

Singapore 048762

Ph:  +65 6514 0015

                                                                                   

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