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Monk's Hill Ventures
Monk's Hill Ventures was founded in 2014 in Singapore by serial entrepreneurs Peng T. Ong and Kuo-Yi Lim. Ong previously co-founded Match.com and Interwoven,...
Monk's Hill Ventures
Monk's Hill Ventures was founded in 2014 in Singapore by serial entrepreneurs Peng T. Ong and Kuo-Yi Lim. Ong previously co-founded Match.com and Interwoven, while Lim served as CTO of Encentuate before its acquisition by IBM. The firm's name references Monk's Hill, a landmark near Singapore's former British military barracks, signaling an intent to build lasting institutions. The firm invests at the Seed and Pre-Series A stages, leading rounds and taking board seats. Its strategy spans enterprise software, consumer tech, digital health, and logistics. Confirmed portfolio companies include Glints, a talent platform founded by Oswald Yeo and others; NOVI Health, a tech-enabled healthcare delivery startup; and Ninja Van, a last-mile logistics provider operating across six Southeast Asian markets. Monk's Hill Ventures has not publicly disclosed assets under management. The firm operates from a single office in Singapore. In 2024, it published its inaugural Impact and ESG Report, formalizing its commitment to environmental and social governance. Monk's Hill also convenes The Angsana Council, a non-profit group focused on accelerating Southeast Asian business growth. Monk's Hill assigns an operating partner to every portfolio company, a structure that embeds operational expertise beyond capital. This contrasts with the common VC model where board participation is the primary engagement mechanism. The firm's founders remain deeply involved, leveraging their own company-building experience to guide technical founders through early commercial challenges.
General information
Firm type
Venture Capital
Year founded
2014
Location
Region
Asia
Country
Singapore
City
Singapore
Corporate office
Singapore
Principals
Peng T. Ong
Co-founder and Managing Partner
Kuo-Yi Lim
Co-founder and Managing Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Monk's Hill Ventures?
Co-founders Peng T. Ong and Kuo-Yi Lim serve as Managing Partners and lead the firm's investment decisions. Both are repeat entrepreneurs who transitioned into venture capital specifically to back Southeast Asian founders. The firm has not publicly disclosed a separate investment committee or additional general partners.
How does Monk's Hill Ventures source its deal flow?
The firm emphasizes its operator heritage and a founder-first investment philosophy, which suggests deal flow originates significantly through the co-founders' entrepreneurial networks across Southeast Asia. Monk's Hill Ventures does not publicly describe a formal sourcing process, but its portfolio composition and talent reports imply direct, relationship-driven origination rather than auction-based deal access.
What is Monk's Hill Ventures' typical investment stage?
Monk's Hill Ventures invests at the early stage, covering seed through Series A rounds. Its portfolio companies — including logistics network Ninja Van and talent platform Glints — entered the portfolio at early stages and scaled across multiple Southeast Asian markets with the firm as an active early backer.
Does Monk's Hill Ventures invest only in Singapore, or across the region?
While headquartered in Singapore, Monk's Hill Ventures deploys capital across Southeast Asia. Its portfolio company Ninja Van operates in six regional markets, and the firm's published reports — such as the Southeast Asia Startup Talent Trends Report — reflect data collection spanning multiple ASEAN countries.
Does Monk's Hill Ventures participate in fund commitments or only direct deals?
There is no public evidence that Monk's Hill Ventures makes fund-of-funds commitments or invests in other VC firms. The firm's disclosed activities center on direct early-stage equity investments in Southeast Asian technology companies.
How is Monk's Hill Ventures related to the Angsana Council?
Monk's Hill Ventures founded the Angsana Council, a non-profit organization committed to increasing economic growth and prosperity for Southeast Asian businesses. The council operates as an independent entity but originates from the same principals and the firm's broader interest in regional policy and infrastructure development.
Does Monk's Hill Ventures maintain an ESG program?
In 2024, the firm published its inaugural Impact and ESG Report. The report defines an annual reporting framework for its portfolio companies' environmental, social, and governance performance, signaling that ESG integration is becoming part of the firm's post-investment monitoring and public accountability (per the firm, 2024).
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