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 (March 4, 2015)
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, as well as Stefan Jung, will join the Compare88 Board.
“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.”