Monk’s Hill Ventures launches $80 million fund focused on tech startups in Southeast Asia

May15

by Sindy Cator on May 15, 2014 at 1:00 am

Posted In: Around the Web, Asia, Monk’s Hill Ventures, Singapore, Southeast Asia

There’s a new venture capital fund on the scene in Southeast Asia, after Singapore-based Monk’s Hill Ventures launched a US$80 million (SG$100 million) fund focused on the region. The fund is targeting young companies in the consumer and enterprise technology spaces, with a particular interest in those with e-commerce, mobile, big data and cloud-based services. The aim is to mix investments across early-stage, Series A and Series B funding in Southeast Asia, with growth rounds for international companies that want to expand into Asia. The fund carries a lot of money for Southeast Asia but, more than that, it is being run by vastly…