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.
Monk’s Hill Ventures (MHV) and Glints today launched the “The Southeast Asia Tech Talent Compensation” report.
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.
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.
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 live in exciting times. Recent years have seen the emergence of Southeast Asia’s very first unicorns—startups valued at over $1 billion—the stories of whom we’re now all too familiar with.
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.
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.
As we saw the coronavirus situation unfolding in China and then snowballing throughout Southeast Asia, we knew from experience as investors and former operators in the region that, for some of our founders and CEOs, there would be difficult times ahead and they would need to start acting quickly and decisively.
There’s a great scene in HBO’s Silicon Valley that takes place at TechCrunch Disrupt where each Founder is pitching their big idea at Demo Day. We see each Founder going up to the stage one by one where they start with “We’re making the world a better place by [insert super technical business proposition].
There has never been a better time than now to be a tech investor in Southeast Asia. Tech companies are transforming traditional industries today. An exciting phenomenon is powering the rise of such transformational tech companies today: technification.
Southeast Asia’s healthcare system is struggling to meet the changing needs of its increasingly affluent population. Going forward, technology will play a key role in delivering cost-effective, high quality and convenient treatments.
At Monk’s Hill Ventures, we receive dozens of pitch decks every day. I personally look at hundreds of pitch decks every year. As a venture investor, it comes with the territory.
The coming generation of technology companies, which I call the ‘Third Generation’, mark a significant improvement on ‘Second Generation’ businesses that simply looked at one part of the customer journey i.e. from an offline on to an online platform.
In a vibrant region like Southeast Asia, expanding your business beyond the borders of your original market holds tremendous opportunities. A larger audience is only the beginning.
More and more investors and LPs are becoming interested in Southeast Asia. This is no surprise, given the region’s strong long-term track record of economic growth.
Scaling in SEA can be a challenge. It is one of the most diverse regions of the Asian continent, divided by politics, language and culture. But for startups, there are ways to overcome these challenges and turn this diversity into an opportunity as you expand your business across the region.
Existing regulations are difficult to navigate, while the implementation of new ones can sink entire business models. To add to that complexity, regulations tend to vary widely from country to country within a region. However, to be blunt: that’s simply no excuse.
Vietnam’s thriving startup ecosystem is expected to reach $33 billion by 2025. But so far, the top tech companies have mostly cloned successful companies elsewhere rather than brewing something specific to Vietnamese culture and society.
Fundraising is not supposed to be inhibitive, by preparing and strategizing your pitch you can save up a lot of valuable time - time that you can spend building your startup. The reality is that VCs are constantly looking for great startups to invest.
Empathy makes someone a better employee, and we also need to build empathy into our artificial intelligence applications.
Being a mentor is challenging. No question about it. It requires time, energy, and dedication. Not everybody is cut out for the gig. But here’s what no one tells you (or at least no one told me): being a mentee is also challenging.
With a rising middle class and a booming tech startup scene, Southeast Asia sits where China did 10 years ago—on the cusp of a major economic boom fueled by the tech industry.
What’s the secret to fintech’s appeal? It’s not just the vast numbers of unbanked people in the world, who represent a ready-made user base for innovative financial products.
Society is now developing a better understanding of how our social media accounts impact our lives in the physical world, and startups have a new chance to disrupt the market and move beyond some of the mistakes that major social media platforms are dealing with today.
The startup’s founding team attributes their sprint to success to their staff, and as they move into the next stage of their company, they aim to improve the networks they’ve forged so quickly.
Last year AI companies attracted more than $10.8 billion in funding from venture capitalists like me. AI has the ability to enable smarter decision-making. It allows entrepreneurs and innovators to create products of great value to the customer. So why don’t I don’t focus on investing in AI?
The first 100 days in any new job can be daunting. Acclimatizing yourself to new faces, new methodologies, new job functions, and new industries is hard for everyone. Below are some of my personal tips working in a Southeast Asian venture capital fund to help you beat the learning curve faster:
Every now and then in conversations with founders and friends, the question “would you do a startup again” will most certainly creep up.
VCs evaluate a lot of startups. This gives us a good look into how they operate, what they care about, and the type of people they want to hire. VCs also meet a lot of people, including those who are looking for their next job.
Today, data is an important competitive advantage for companies. Companies use it to understand their customers, decide on a business strategy, and optimize their business.
Everywhere I look these days I see cranes. Not the kind that fly, but construction cranes. While some look at them and see ugliness, I see something else: the towers reaching skyward symbolize Vietnam’s striving ambition, Vietnam’s promise.
I often say that success is half luck and half what you make of it. But the thing is, you can make your own luck.
For the benefits of the general public, this article seeks to shed light on our thought process in determining whether a startup is VC fundable and whether it is ripe for a Series A round.
So you’ve worked hard at setting up and launching your startup, and now you’re ready to take it to the next level. VC could be just what you need to accelerate your growth.
At MHV, we invest in the early period of a company’s life cycle. By this stage, the start-up has only been in operations for 1-2 years, and usually the entire team has less than 20 people.
You need to raise funding for your startup, so your friends start introducing you to investors – angels, venture capitalists, and so on. After a few weeks and a number of conversations later, you get a term sheet. You think it’s a low-ball offer. So you turn it down.
Many CEOs asked me if they can actually locate their engineering and product teams here and expect the same level of quality they get in the Valley. My simple answer is: absolutely.
My passion for understanding leadership began long before I incorporated by first startup. At the global level, for understanding how the one right leader can move entire economies.