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Monk's Hill Ventures Pte. Ltd.
Monk's Hill Ventures is a Singapore-based VC firm co-founded by Peng T.
Monk's Hill Ventures Pte. Ltd.
Peng T. Ong, a former technology entrepreneur who sold Zao.com to Priceline, launched Monk's Hill Ventures alongside Kuo-Yi Lim in Singapore in 2014. The pair initially seeded the firm with capital from Ong's own exits and a small group of limited partners, building a Southeast Asian focused early-stage investment platform. The firm deploys primarily into seed and Series A rounds, maintaining capacity to follow on through Series B. Publicly disclosed portfolio companies include B2B procurement platform Bizongo, AI-driven lending platform FinAccel, and logistics startup Kargo. Target asset classes comprise enterprise SaaS, fintech, digital health, and cybersecurity. Investment geography covers Singapore, Indonesia, Vietnam, Thailand, and the Philippines — with a deliberate ASEAN focus (per the firm's public materials). Monk's Hill Ventures raised a total of approximately $200M across its first three funds, including Fund III at $120M closed in 2021. A team of around 20 investment professionals operates primarily from Singapore. The firm does not operate a parallel family office or philanthropic foundation distinct from its VC funds. The firm structures itself as a conventional venture capital partnership — not a family office — carrying standard VC economics: management fees and carried interest. Its distinct positioning comes from being an ASEAN-first VC with a tight thematic mandate, an approach that contrasts with generalist regional funds.
General information
Firm type
Venture Capital Firm
Year founded
2014
AUM
$200M–$500M (Altss estimate)
Location
Region
Asia
Country
Singapore
City
Singapore
Corporate office
Singapore, Singapore
Principals
Peng T. Ong
Managing Partner & Co-Founder
Kuo-Yi Lim
Managing Partner & Co-Founder
Chuan K. Loh
General Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Monk's Hill Ventures?
Investment decisions are led by co-founders and managing partners Peng T. Ong and Kuo-Yi Lim, along with general partner Chuan K. Loh. As of 2025, Ong focuses on fund strategy and deal sourcing, while Lim leads portfolio management.
How does Monk's Hill Ventures source proprietary deal flow?
The firm sources deals through a network of Southeast Asian entrepreneurs and co-investors, leveraging Ong's and Lim's personal connections from prior founding and operating roles. They also maintain a scout program and attend regional demo days.
Is Monk's Hill Ventures structured as a family office or a venture firm?
Monk's Hill Ventures is a venture capital firm, not a family office. It operates with a limited partner fund structure, charging management fees and carried interest — distinct from the capital of any single family.
Does Monk's Hill Ventures participate in fund commitments or only direct deals?
The firm commits capital exclusively to direct investments in startups, not to other VC funds. It does not operate a fund-of-funds or secondaries program.
What investment stages does Monk's Hill Ventures typically target?
Monk's Hill Ventures focuses on seed and Series A investments, with the capacity to follow on up to Series B. Check sizes range from $500K to $4M for initial rounds (per the firm's public materials).
Which sectors does Monk's Hill Ventures explicitly avoid?
The firm avoids life sciences, deep tech hardware such as biotech, and early-stage infrastructure requiring large capital deployment. Their focus is purely on software-enabled and tech-enabled services.
What is Monk's Hill Ventures' investment geography?
The firm invests across Southeast Asia — Singapore, Indonesia, Vietnam, Thailand, and the Philippines — with minor exposure to India. It does not invest in China or developed markets.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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