My junior year summer internship and, subsequently, my full-time job out of university was at Lehman Brothers, the infamous Investment Bank which, to date, holds the title of the world’s largest bankruptcy.
I was just in the Bay Area and was delighted to meet a number of MBA and engineering students who are planning to do their startups. Several of them have asked me: What do you look for in startups? What do I think are characteristics of a business that can scale quickly and significantly?
New Glints & MHV report finds top 3 roles for tech startups hiring in Southeast Asia are business development, business development (BD) and sales, and engineering as companies refocus on the path to profitability.
Amid the challenges posed by the post-pandemic environment, startup founders in Southeast Asia are facing tough decisions that have a significant impact on their companies and employees.
Half a generation from now, Jill comes home with her new baby, Shan, and places her in a crib. Beside the crib sits a sleek black box, equipped with advanced biotelemetry sensors to monitor the baby’s vital signs.
The MHV Fellows Program aims to provide accomplished individuals with the experience of working with a top venture capital firm investing in early-stage tech companies, in Southeast Asia.
NOVI Health, a leading Singapore-based provider of technology-enabled chronic disease and preventive healthcare, announced today the closing of its Series A fundraising, securing US$5 million, led by Monk’s Hill Ventures.
Monk’s Hill Ventures (MHV), a venture capital firm investing in early-stage technology companies in Southeast Asia, announced today the launch of the Angsana Council.
The company expands its leadership team and sets up operations in Silicon Valley to enable Singapore and SEA-based founders to easily expand into the US.
Glints, the most trusted and active end-to-end regional talent ecosystem in Southeast Asia for career development and recruitment, raised US$50 million in a Series D oversubscribed round co-led by DCM Ventures, Lavender Hill Capital, and returning investor PERSOL Holdings.
As travel reopens, KKday has secured additional funding for its Series C round; to date, the total amount raised in this round is $95 million. The Series C+ round is led by TGVest Capital.
Before joining us as Portfolio Operations Manager, Jozua Pung spent two years restructuring a hardware technology company based in Singapore with B2B, B2C and D2C channels, taking it from the brink of liquidation to being profitable in little over a year. He shares his journey and strategies in cutting burn rate and keeping your startup alive to see another day.
To make a great VPE hire, look beyond just technical skills and reflect on the quality of their character along with reference checks
An estimated 180 million couples try to conceive per year, with infertility affecting approximately 50 million couples globally. Yet most of the fertility products on the market today are expensive, invasive, and primarily focused on female-infertility despite the fact that men contribute to 50% of cases overall.
Hannah Life Technologies, a leading home-based fertility solutions technology company in Southeast Asia, today announced its oversubscribed Pre-Series A funding of USD 5.15 million.
Across Asia, millions of people find themselves unable to access proper care for traditionally stigmatized health conditions due to cultural norms, inconvenience and cost.
The digital health experience that engages and connects patient care across its service lines, secures $5M Pre-Series A by MHV.
Indonesia is witnessing a rush of digitization like never before with the GMV generated from the internet economy reaching $70B in 2021, a 49% increase Y-o-Y. Even as digital transformation sweeps across Indonesia, the same has yet to extend to the wholesalers and retailers transactions.
CrediBook is focused on digitizing SMEs, primarily wholesalers, to manage and track their expenses, payables, and receivables and streamline the ordering process.
Co-Founder & CEO of Upmesh, Wong Zi Yang shared what he learned going to the university of life, his thoughts on personal risk-reward and his tips on fundraising in this episode of MHV Podcast.
Co-Founder & CEO of UI-licious, Shi Ling Tai, shared her experiences transitioning from an engineer to a founder and CEO and her reflections on representation from the gender lens.
This International Women's Day, MHV's Susli Lie takes us through her very own journey as a founder and Partner, and holds out hope for women in the tech ecosystem.
Jio Health, a leading provider of human-centered, technology-powered healthcare, announced today that it has completed a $20M Series B investment led by Singapore-based healthcare investor, Heritas Capital.
We are thrilled to share that our portfolio company Jio Health, a leading provider of human-centered and technology-powered healthcare, has secured a $20 million Series B funding led by Singapore-based healthcare investor Heritas Capital.
My startup journey has been nothing short of a roller coaster ride. First, as a founder and, later, as an executive at another VC-backed startup, I had seen a lot of what works and also a lot of what could go wrong.
Kuo-Yi shared his experiences being at the frontier of tech innovation, the dot com crash, and transitioning from operator to VC, as well as his thoughts on the first-principles thinking.
Over the past few years of investing in Southeast Asia, we have witnessed a progression of change in consumer behavior. The start was marked by the beginning of eCommerce in the region. It was a brave new world - in the early 2010’s - when consumers began to shop online.
Urbanmetry announces it has closed a Pre-Series A round of US$2M led by Monk’s Hill Ventures.
Startup founders go through an experience many others will never have the opportunity to embrace — building a company from scratch. A founder’s leadership style and the type of organization they create, to a large extent, charts the course for a startup’s success (or failure).
Monk’s Hill Ventures (‘MHV’), a venture capital firm investing in early-stage tech startups in Southeast Asia, today announced the appointment of Susli Lie to Partner, expanding the senior leadership team.
Meet Charles Lee, the tech veteran shaking up Southeast Asia's startup scene with his Vietnam-based school for talented developers.
Learn more from JJ Chai, CEO & Co-Founder of Rainforest, as he talked about his experience and journey in our latest podcast episode.
We are excited to announce that our portfolio company Saleswhale, an AI-driven email marketing platform, was acquired by US-based revenue-tech unicorn 6sense to deliver the future of email for B2B marketing and sales teams.
Founder of id/x partners, a data analytics company that was acquired by our portfolio company Caxe, Anton Hariyanto, chats with our host Jeremy on Indonesia startup ecosystem maturation and Southeast Asia data gamechangers.
Two months after initial seed round, Upmesh raises Pre-Series A led by MHV off the back of a growing merchant base by 30% MoM.
Imagine having bite-sized actionable insights from business leaders you aspire to be, accessible from your mobile phone, 24/7. This is what Tigerhall is trying to do, shifting mindsets by democratizing real world insights, and we’re joining them in their mission.
Tigerhall aims to solve massive upskilling inefficiencies that have zero to low ROI today with its mobile SaaS platform for social learning; focusing on user personalization, micro-podcasts and micro-mentorship.
With over 25 brands in its portfolio and achieving full profitability
MHV Partner Justin Nguyen chats with our host Jeremy on his Vietnam Roots, his journey from VP engineering To founder and his take on healthy boards.
The massive gap between what is being taught in schools and what skills are needed for the 21st century is becoming very clear to parents and educators globally.
Doyobi, a leading provider of STEM teaching resources and teacher professional development to schools through its virtual learning environment (VLE), today announced it has closed a US$2.8m Pre-Series A round led by MHV
As a Ninja Van co-founder, I would like to share why creativity is essential to boost innovation at work—and how to keep it alive.
MHV invests predominantly in Series A technology companies in Southeast Asia. Here, we share why we operate from a first principles approach and what that means in the context of our investment strategy.
Ninja Van, a leading tech-enabled logistics company operating in Southeast Asia, today announced that it has successfully secured USD578 million in a Series E funding round.
Imagine traveling 20 kilometers or roughly 12 miles to get toothpaste, rice, or any basic necessities and groceries to take care of your family. This is the reality for over 80% of the population in Indonesia.
With the pandemic, the survival of SMEs and ultimately the employment of most Malaysians have been put under even more pressure.
The funding will be used to grow Dagangan's house brand of private-label local products, product development, talent acquisition, and grow partnerships with community leaders, key opinion leaders, local entrepreneurs, and village chiefs
Ask any employer what their biggest challenge is and most will tell you the same thing: the pressure of filling tech positions that have been open for months.
The leading coding school focused on delivering high-quality full-stack web development, machine learning, and data courses in Vietnam, today announced closing a US$2.6M Pre-Series A round led by Monk’s Hill Ventures.
Venture Scouts in the inaugural program have strong founder and operator track records including Achmad Zaky, Cofounder of Bukalapak; Turochas Fuad, Founder of Pace Enterprise; Araya Noon Hutasuwan, Cofounder of Snapcart; Dayu Dara, Founder of Pinhome.
At MHV, we believe in entrepreneurs backing entrepreneurs. Through this program, we want to empower founders to support fellow founders from day one.
MHV Co-Founder & Managing Partner Peng T. Ong chats with host Jeremy Au in the second episode of MHV Podcast
Indonesian-based digital identity network VIDA announced today that it has raised funds from leading investors including Monk’s Hill Ventures, Jungle Ventures, and Alpha JWC Ventures
Selling products online has never been easier. With the emergence of online marketplaces, aspiring entrepreneurs around the world no longer have to create their own websites, but can instead build their entire business around established platforms.
Funds will be used to drive Rainforest’s aggressive growth strategy, including expanding its portfolio of e-commerce brands in the home goods, mother & kids, personal care and pet categories by three times and growing its leadership team
Does your early-stage business rely on user growth to achieve the scale required to reach profitability? Then you need to understand Rτ+Kτ >1. It's a deceptively simple formula that can ultimately determine an early-stage company's success.
Host Jeremy Au chats with Susli Lie, MHV Venture Partner on the first episode of the MHV Podcast.
Not every startup needs venture capital. It may be odd to hear a VC investor say this, but the truth is the conventional ‘debt or equity’ option is not always suited for what a company actually needs, especially if it means sacrificing equity.
Jenfi is the first-ever alternative revenue-based financing in Southeast Asia, catering to business owners and entrepreneurs by providing up to $500,000 of non-dilutive growth capital.
My current role as Head of Talent at MHV means further immersion in the increasingly vibrant local tech startup scene. If you want to understand the current Singapore tech landscape —including the stages and specific companies hiring and growing here— read on.
Imagine your Spotify subscription with only the Billboard 100 songs - that is essentially the state and universe of the digital comic industry today.
INKR is a first-of-its-kind platform with over 800+ manga, manhua, webtoon, to graphic novels to readers for a nominal subscription fee or pay-per-chapter model
Since 2014, Monk's Hill Ventures (MHV) has invested in Southeast Asia's most promising technology companies. Here, MHV co-founder Kuo-Yi Lim reflects on the journey so far and why investment in the region's budding tech startups makes more sense than ever.
Grappling with how to value your early-stage startup? Here, Peng T. Ong shares three valuation secrets founders need to know, and how negotiating a successful valuation is as much a test for a company’s founders as it is about achieving a win-win between entrepreneurs and investors.
Peng was interviewed in Slaves to the Algo podcast on his experience founding and exiting three companies and his views as an investor in Southeast Asia.
My philosophy when it comes to building up engineering teams in Southeast Asia can be summed up in two words: intentionality and pragmatism.
In my time as a marketing and communications intern at MHV, I learned more about the world of startups in the region and how a venture capital firm can add value through marketing and branding.
While I still feel like a young man (on most days), I’m old enough to remember the emergence of the public internet as we know it, and with it the emergence of it, the search engines.
Glints, Southeast Asia’s largest talent platform for career development and recruitment, raised US$22.5 Million in an oversubscribed round led by Tokyo-listed PERSOL Holdings.
Any startup founder will tell you one of the toughest challenges they face in building companies is hiring and retaining the right talent. It is particularly challenging when there’s limited data.
Monk’s Hill Ventures (MHV) and Glints today launched the “The Southeast Asia Tech Talent Compensation” report.
Zero! In my nine years running engineering and after hundreds of SaaS releases under my belt, this is the total number of software releases where skimping on quality assurance did not come up.
UI-licious, a first-of-its-kind UI test automation solution, today announced a new round of Pre-Series A funding of US$1.5M led by Monk’s Hill Ventures.
EMPEA interviewed ELSA co-founder and CEO Vu Van about how her experience studying at Stanford inspired her to launch a better way for people to learn the English language, why Google approached her to invest, and why ELSA has its sights set on Latin America as its next market of expansion.
EMPEA spoke with Co-Founder & CEO Dorothea Koh about how her experience working for large healthcare companies informed the need to build better information tools for doctors, the strategy behind a doctor-first model, expansion plans in Asia, and the digitization of the medical industry during the pandemic.
As Southeast Asia sees an influx of economic and technological growth, the need for human capital development is becoming increasingly critical. Schools across the region are racing to address this training gap— attempting to innovate their curricula, to expand their classroom capacity, and to scale their reach.
Peng was interviewed by the Asia Startup Pulse podcast on his journey as an investor in Southeast Asia, the region’s potential and the rise of technification in the tech startup ecosystem.
During my stint, I learned a lot about the venture capital industry and the Southeast Asia tech startup ecosystem. Apart from conducting research and attending various virtual networking events, I also met (virtually) with many interesting founders.
Access to affordable tertiary education remains a huge pain point in Southeast Asia, with the cost today being nearly double the average GDP per capita. While higher education is a $30 billion market today, only a third of the eligible college-age population is enrolled.
Through data-driven financing solutions, ErudiFi is addressing Southeast Asia’s education financing gap and helping underserved students achieve their educational aspirations
The global pandemic has added tremendous pressure on healthcare systems around the world and reinforced the need for efficient operations and productive healthcare professionals. I am proud to announce today our Series A investment into Bot MD, an A.I. clinical assistant empowering doctors.
Existing and new investors include SeaX, XA Network and SGInnovate, healthcare industry veterans Yoh-Chie Lu and Jean-Luc Butel, and Silicon Valley notable Steve Blank.
With funding co-led by Asia-based firms VIG & SIG, company to invest in full-scale B2B expansion.
Using algorithms to drive user engagements is fairly run-of-the-mill for tech companies today. If you look at Facebook, YouTube, Instagram, TikTok, and Bigo Live, you’ll see that they share a common feature: a personalized feed.
Long established as a global financial center, Singapore also looks set to become the “Silicon Valley of Asia.”
Before the year 2020 took us for a surprise turn, venture capital firms were seeing unprecedented growth in Southeast Asia. Venture capital firms raised a record amount of $3.5 billion in 2019, an increase of 75% from the year before, according to news reports.
Imagine a $100 billion-plus industry running entirely on phone calls and text messages. This is essentially the state of the trucking industry in Indonesia today.
The funding will be used to scale Logisly’s operations in Indonesia, by growing their sales and vendor acquisition teams to strengthen its network of shippers and transporters and product development.
"Hey Gabriel, why did you fill in N/A for Weekly Active Users in your investor report?" "Oh, we are not tracking it." "Wait, what? Why?"
The past five years have been a story of optimism for Southeast Asia’s tech investments scene.
ION Mobility aims to convert the 200+ million motorcycle users in Southeast Asia from petrol to electric to drive a sustainable future.
Today, we welcome GoGet, an on-demand workforce and job platform, to the MHV family and we can’t be more pleased to be working with the founders Francesca Chia and Fung Wei Tai.
The funding will be used to scale GoGet’s services in Malaysia through product development, building and expanding its product and technology teams.
Off the back of increasing advertiser demand, iVS launches the first in-stream video marketplace in Southeast Asia.
KKday, the leading travel experiences platform in Asia, today announced the close of a USD$75 million Series C funding.
We’re very excited to launch our new website! After months of hard work, we’re proud of the final result – an intuitive, informative, and content-rich platform. This initiative was undoubtedly a team effort that everyone at Monk’s Hill Ventures (MHV) contributed to.
Singapore’s Ninja Van has raised $279 million from backers including France’s GeoPost SA and ride-hailing giant Grab Holdings Inc., scoring one of Southeast Asia’s largest startup investments since Covid-19 was declared a pandemic.
Over the last few weeks, we have seen and will continue to see who will be the survival of the fittest. At MHV, we’ve started breaking down companies into three buckets.
The world is a radically different place from where it was early this year. In early February, COVID-19 still felt like a faraway problem to many investors – something that people read about but did not expect to encounter firsthand.
The economic downturn caused by the COVID-19 outbreak could be a "reset button" for lofty startup valuations in Southeast Asia, while presenting an opportunity for venture capitalists to invest in fundamentally sound companies at a cheaper price.