As many American startups have made the move to Asia, the western VC model of ‘entrepreneurs backing entrepreneurs’ has also followed.
Monk’s Hill Ventures, a newly launched VC fund, plans on investing US $80 million into tech startups all across the APAC region at the Series A and B level. Besides being led by a team of veteran entrepreneurs who have built and backed startups in Silicon Valley and Asia, Monk’s Hill is also a VC fund based in South East Asia (with offices in Singapore and Jakarta), which is still a new concept in the region.
We had a chat with managing director Peng T. Ong to find out more about this innovative new fund and the gaps it hopes to fill.
