Monk’s Hill Ventures

Founded in 2014 by entrepreneurs Peng T. Ong and Kuo-Yi Lim, Monk’s Hill Ventures (‘MHV’) is a venture capital firm investing in early-stage technology startups in Southeast Asia. Backed by institutional investors and family offices worldwide, MHV works with great entrepreneurs to use technology to improve the lives of millions of people in the region. We take a first-principles approach in how we operate and make decisions at MHV. We break down ideas and business models to understand the fundamentals. Since our founding in 2014, Monk’s Hill Ventures has invested in more than 20 fast-growing startups spanning multiple business models and industry verticals. We look to work with founders in the early stages of the development of their businesses, and typically invest at the Series A stage. We are entrepreneurs backing entrepreneurs. This runs in our DNA. With the utmost respect for the founder, the firm is led by entrepreneurs and operators, CEOs, and CTOs of successful tech companies both in Asia and in Silicon Valley. Our footprint spans across Southeast Asia with on-the-ground teams in Singapore, Indonesia, Malaysia, Vietnam and Thailand. Our network comprises entrepreneurs, investors, former CEOs, engineers, academics, media and a team of operating advisors with strong domain expertise from cybersecurity, data science, financial services, to healthcare, to provide our founders with the right access and advice as they scale and build.

Daoud, Michele

Partner

Lim, Kuo-Yi

Co-Founder and Managing Partner

Justin Nguyen

Partner

61 past transactions

Jenfi

Funding Round in 2023
Founded by Jeffrey Liu and Justin Louie, Jenfi is a financial technology company that provides revenue-based financing and analytics to digital native businesses in Southeast Asia. Branded as Growth Capital as a Service (GCaaS), the unique asset class offers non-dilutive capital of up to US$1,000,000 for businesses to scale their marketing, inventory, and growth campaigns. Jenfi has developed a proprietary risk assessment engine that can evaluate both a business's creditworthiness and its marketing growth efficiency. Its non-dilutive financing is highly flexible and bespoke to the requirements of each individual business. To date, Jenfi has backed hundreds of digital-native companies including B2B and SaaS businesses such as Gushcloud, Ralali, Hello Health, Lamer Fashion, Buy2sell, and Mystifly. Prior to Jenfi, Jeffrey and Justin successfully built and exited the fitness subscription company GuavaPass.

Glints

Series D in 2022
Glints is Southeast Asia’s largest talent platform for career development and recruitment. Founded in 2013 in Singapore, Glints has empowered more than 1.5 million professionals and 30,000 organizations to realize their human potential. Every day, we are helping organizations build great teams and pairing talent up with great opportunities, one match at a time.

Rainforest Life

Series A in 2022
Rainforest buys e-commerce brands and grows them with a focus on long-term success. They believe that being part of Rainforest improves the brands’ longevity, financial returns, and sustainability outcomes.

Dagangan

Series B in 2022
Dagangan is the trusted tech-enabled rural commerce platform that provides access to daily necessities at affordable prices to rural communities. We support producers and brand owners to penetrate deeper into the small towns and rural Indonesia to grow their business, by creating both digital and offline touchpoints for them to get better access to various products and services. At the same time, we also empower micro-entrepreneurs in rural Indonesia to sell their local products and services through our platform, while improving their lives to become more economically self-sufficient. We are here to accelerate Indonesia’s economy by powering communities and providing greater economic opportunities for all.

Hannah Life Technologies

Seed Round in 2022
Hannah Life Technologies is changing the infertility treatment landscape by developing new, groundbreaking and safe fertility products. Alumni of the Stanford Biodesign Fellowship program founded the company to address critical unmet needs in infertility treatment. A Scientific Advisory Board consisting of leading fertility clinicians advise the company.

Ordinary Folk

Seed Round in 2022
Since the 1930s, the way we commute, socialise and even how we make payments have changed, and yet our fundamental approach to the healthcare system hasn’t. At Ordinary Folk, we’re reimagining the building blocks of healthcare, through Noah, Zoey and Cyrus. Noah allows men to receive remote diagnosis and treatment across varying areas of care. Through Zoey, women’s sexual wellness and fertility journeys are supported with thoughtful products and services. Cyrus, our modern logistics fleet makes ultra fast deliveries for medication with the help of AI.

Credibook

Series A in 2022
Credibook is a startup helping retail wholesalers to keep track of receivables and payables. The startup digitizes the supply chain between wholesale and retail for more efficient inventory sourcing. It provides a variety of products and services that enable business owners to manage their businesses using digital technology, from order management to financial records. They intend to expand throughout Indonesia and reach out to more business sectors.

URBANMETRY

Seed Round in 2022
URBANMETRY is a property data company that harvests, cleans and analyses large amounts of city data, through its proprietary algorithms to extract trends and patterns in the built environment. It offers this data to the general public, as well as public and private sectors, in hopes of creating a more efficient and transparent property market, improving city planning, and shaping a sustainable urban environment. We offer the aggregated data to various key stakeholders in the property market including developers, bankers and government bodies to enable better and more relevant analysis during business development and policymaking processes.

heyy,

Pre Seed Round in 2022
Mental health conversations that change lives. Mission - At heyy, we are on a mission to make mental health truly accessible and personal. The Why? India has more than 200 million citizens suffering from some form of mental illness. The impact of this on the economy of India is expected to be around $ 1 Trillion by 2030. The mental health topic remains tabooed and stigmatized. Or are largely unaware that they need help. Coupled with the barriers of having the least number of psychologists / therapists in India, mental health issues need an innovative solution to be tackled. The How? Despite 20,000+ apps on mental health, the issues and impact largely remains unaddressed. From habit forming products, to motivational quotes, to short content on everything from depression to anxiety, the net impact is still single digits. Then how do we tackle this problem at scale with all its complexities? The What? Let's agree - the best solution is for everyone to speak to a therapist. Period. Conversations, on this deeply human and complex challenges, with individuals who are trained. The answer lies in keeping the space personal while creating ways in which users start taking their first steps towards wellbeing. heyy, stands out in this by not removing the human intervention for the purpose of scaling. In fact, we are deeply personal in approach, enabling conversations in an anonymous and confidential setting with our Helpers and creating a suite of products around it, to nudge, help, plan and get our users better. On our app, users get access to - 1. Self Assessments - Tangible measures to assess mental health and wellbeing 2. Lifebuoys - Bite-sized and research backed resources, to inform and nudge 3. Helpers - 24x7 mental health first-aid, by trained psychologists 4. Experts - For intensive therapy needs It just takes a heyy, ! Get started today.

Gajiku

Seed Round in 2022
Gajiku is a technology platform that seeks to financially empower the masses.

Upmesh

Seed Round in 2021
Upmesh provides e-commerce functionality for live commerce merchants on social media.

Tigerhall

Series A in 2021
Tigerhall is a change activation platform leveraged by Fortune 500 firms to activate Communications, Culture and Capability Building when undergoing major transformations such as mergers, acquisitions, divestitures, commercial transformations or significant reorganizations.

Hypefast

Series A in 2021
Hypefast building the largest house of eCommerce-native brands in SEA. It acquires & operates top brands passionately. 20 & counting.

Doyobi

Seed Round in 2021
Doyobi enables educators to teach science and coding in a fun and interactive way. Its guided courses integrate videos, quizzes, and projects to make teaching easy. Doyobi’s courses are used in programs supported by Google and the Singapore government, as well as by educators from different parts of the world. Doyobi aims to help kids grow into original thinkers and develop a sense of purpose. Its programs are designed to nurture curiosity, creativity, and a growth mindset. Doyobi’s pedagogy is built on helping learners develop attitudes and mindsets they would need to thrive beyond 2030, build coding and science fundamentals aligned to K12 standards, learn to use planning and design thinking to create prototype solutions to the UN Sustainable Development Goals (UN SDGs).

Ion Mobility

Seed Round in 2021
ION Mobility is a tech and automotive OEM on a mission to create and deliver aspirational and sustainable mobility and energy solutions for everyone. We are committed to creating great products and seamless user experiences for our customers. Our products combine advanced hardware and software technology with human-centred design to deliver smart electric motorbikes and energy charging and storage solutions that are for everyone to use. Our vision is to be Southeast Asia’s top technology company leading our region’s transition towards a low-carbon economy across Southeast Asia, starting with the ION M1-S. For more information, please visit www.ionmobility.com and ionmobility.substack.com.

Ninja Van

Series E in 2021
Ninja Van is a growing startup in the logistics space, solving the last mile problem via a multitude of strategic tie-ups and a cutting-edge technology stack via our reactive and distributed systems. The service provides innovative technology-based solutions for reliable last-mile delivery, enabling easy package tracking.

Dagangan

Series A in 2021
Dagangan is the trusted tech-enabled rural commerce platform that provides access to daily necessities at affordable prices to rural communities. We support producers and brand owners to penetrate deeper into the small towns and rural Indonesia to grow their business, by creating both digital and offline touchpoints for them to get better access to various products and services. At the same time, we also empower micro-entrepreneurs in rural Indonesia to sell their local products and services through our platform, while improving their lives to become more economically self-sufficient. We are here to accelerate Indonesia’s economy by powering communities and providing greater economic opportunities for all.

CoderSchool

Seed Round in 2021
Developing Developers! CoderSchool is an education technology startup that provides free, accelerated engineering classes for students and professional developers and designers in Vietnam. Our classes are strict, emotionally engaging, backed by cutting-edge cognitive science, and ultimately highly effective.

VIDA

Seed Round in 2021
VIDA is an IT company that develops customized digital platforms to enhance compliance and security services.

Rainforest Life

Seed Round in 2021
Rainforest buys e-commerce brands and grows them with a focus on long-term success. They believe that being part of Rainforest improves the brands’ longevity, financial returns, and sustainability outcomes.

INKR

Seed Round in 2021
INKR is a digital comics platform that allows comic publishers and creators to make comic content available to readers. It is an application for comic readers that helps comic publishers and creators to reach their content to the public.

Hypefast

Venture Round in 2021
Hypefast building the largest house of eCommerce-native brands in SEA. It acquires & operates top brands passionately. 20 & counting.

Glints

Series C in 2021
Glints is Southeast Asia’s largest talent platform for career development and recruitment. Founded in 2013 in Singapore, Glints has empowered more than 1.5 million professionals and 30,000 organizations to realize their human potential. Every day, we are helping organizations build great teams and pairing talent up with great opportunities, one match at a time.

UIlicious

Seed Round in 2021
UI-licious is a test automation solution the helps online businesses continuously test their user journeys and detect errors in their app with minimal effort. Software teams struggle to automate UI testing using traditional tools with tests that difficult to keep up to date with rapid changes to the UI because the tests are wired to the UI implementation. With our patented ambiguity resolution test engine, tests can be written using simple instructions to describe a user journey that can be written by a non-engineer, and works on any UI implementation. It takes minutes instead of hours to setup continuous testing with our integrated solution.

Danacita

Series A in 2021
Danacita is an ErudiFi company that is on a mission to democratize access to higher education in Indonesia. It has funded students from over 100 tertiary institutes throughout the country and is registered with OJK as a P2P platform.

ErudiFi

Series A in 2021
ErudiFi is a mission-driven technology company focused on making education affordable in Southeast Asia. Operating as Danacita in Indonesia and Bukas in the Philippines, ErudiFi has helped secure funding for thousands of students through tech-enabled partnerships with leading universities and vocational schools. By improving access to education, we believe we can drive generational transformation and build a better tomorrow.

Bot MD

Series A in 2021
Bot MD is an AI assistant for doctors. They provide hospital information to provide instant answers to doctor queries and help automate patient care. Their hospital information systems provide instant answers to call rosters, hospital directories, guidelines, drugs, and HR leave policies.

Elsa

Series B in 2021
ELSA is the most comprehensive, AI-powered English learning platform. ELSA now includes an AI Tutor, the most human-like experience in providing gen AI real-time conversations and in-depth feedback. ELSA also includes speaking lessons with personalized learning paths, test and interview preparation, as well as our Speech Analyzer feature that allows learners to record and receive a full performance assessment report and tutorial plan

Ion Mobility

Seed Round in 2020
ION Mobility is a tech and automotive OEM on a mission to create and deliver aspirational and sustainable mobility and energy solutions for everyone. We are committed to creating great products and seamless user experiences for our customers. Our products combine advanced hardware and software technology with human-centred design to deliver smart electric motorbikes and energy charging and storage solutions that are for everyone to use. Our vision is to be Southeast Asia’s top technology company leading our region’s transition towards a low-carbon economy across Southeast Asia, starting with the ION M1-S. For more information, please visit www.ionmobility.com and ionmobility.substack.com.

GoGet

Series A in 2020
GoGet is an on-demand job platform for businesses and freelancers. The company's mission is to transform the traditional labor market and connect the city to create work. It empowers businesses to grow their operations while saving money, as wells as enabling users to find job opportunities near them, at good rates that match their preferences. .Francesca Chia, Muaz Jema Khan, and Tai Fung Wei Tan headquartered the company in Kuala Lumpur, Kuala Lumpur in 2014.

Jenfi

Seed Round in 2020
Founded by Jeffrey Liu and Justin Louie, Jenfi is a financial technology company that provides revenue-based financing and analytics to digital native businesses in Southeast Asia. Branded as Growth Capital as a Service (GCaaS), the unique asset class offers non-dilutive capital of up to US$1,000,000 for businesses to scale their marketing, inventory, and growth campaigns. Jenfi has developed a proprietary risk assessment engine that can evaluate both a business's creditworthiness and its marketing growth efficiency. Its non-dilutive financing is highly flexible and bespoke to the requirements of each individual business. To date, Jenfi has backed hundreds of digital-native companies including B2B and SaaS businesses such as Gushcloud, Ralali, Hello Health, Lamer Fashion, Buy2sell, and Mystifly. Prior to Jenfi, Jeffrey and Justin successfully built and exited the fitness subscription company GuavaPass.

Horangi

Series B in 2020
Horangi provides security software and services backed by a team of CREST-certified global cybersecurity experts in Asia. Its integrated cybersecurity platform is built to comprehensively secure organizations of all sizes with enterprise-grade technology in the cloud.

Logisly

Series A in 2020
Logisly believes that industry 4.0 requires connectivity between the offline and online worlds. In the supply chain, technology will play a major role, not only in automating processes or reducing costs, but also providing in-depth data-based analysis for decision making and business operations.

Crowde

Series A in 2019
CROWDE is an agricultural-focused technology and financial company. We aspire to build a sustainable agriculture business ecosystem that enables 30M+ Indonesian farmers to thrive by providing them with business infrastructures: access to financing, cost-effective inputs, developing vibrant markets for their produce, efficient fresh produce logistics, data-driven market insights, and industry best practices. At CROWDE, we only do agriculture and do it well: we understand how to assess agri-project financing and manage risks pertaining to agriculture. Beyond connecting investors and farmers we also integrate the entire agriculture ecosystem from suppliers to customers through technology. Our investors and farmers have influenced the core of our mission, they are both highly driven individuals who seek to better their own future, this has always inspired us and we look to change Indonesia with this mission in mind.

Glints

Series B in 2019
Glints is Southeast Asia’s largest talent platform for career development and recruitment. Founded in 2013 in Singapore, Glints has empowered more than 1.5 million professionals and 30,000 organizations to realize their human potential. Every day, we are helping organizations build great teams and pairing talent up with great opportunities, one match at a time.

Saleswhale

Series A in 2019
Saleswhale develops an AI-driven conversational marketing platform. Its AI sales assistant engages and qualifies marketing-generated leads at scale, through two-way intelligent email conversations, before handing over qualified leads to sales reps.

Elsa

Series A in 2019
ELSA is the most comprehensive, AI-powered English learning platform. ELSA now includes an AI Tutor, the most human-like experience in providing gen AI real-time conversations and in-depth feedback. ELSA also includes speaking lessons with personalized learning paths, test and interview preparation, as well as our Speech Analyzer feature that allows learners to record and receive a full performance assessment report and tutorial plan

Stoqo

Series A in 2018
Stoqo is an application-based technology company that provides basic products from major manufacturers and distributors for your F & B business.

KKday

Series B in 2018
KKday is a travel platform that facilitates access to authentic local tours and activities for travelers. It offers a wide range of experiences across numerous countries and cities, enabling users to easily search, discover, and book their ideal activities. The platform also supports travel suppliers in their digital transformation by providing tools for product management and order fulfillment.

escapex

Funding Round in 2018
Escapex is an internet company that creates personal owned platforms (POPs) for celebrities and influencers it helps its clients to increase their online presence. Escapex offers an alternative to legacy social media platforms where those with a large following can establish a unique brand for free and begin generating revenue through advertisements, subscriptions, and in-app purchases.

waresix

Seed Round in 2018
Waresix is a logistics platform for freight-forwarding, warehouse, and land transportation. It is a platform that matches unused warehouse space with users in need of such facility, looks to capitalize on the demand for flexible warehousing given the booming e-commerce market in the country. Waresix provides a solution for dynamic warehousing strategy that allows customers, retailer, distributor, and manufacturer to quickly adapt to variable demand. Waresix is headquartered in Jakarta, Indonesia.

Bot MD

Seed Round in 2018
Bot MD is an AI assistant for doctors. They provide hospital information to provide instant answers to doctor queries and help automate patient care. Their hospital information systems provide instant answers to call rosters, hospital directories, guidelines, drugs, and HR leave policies.
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GoQuo

Series B in 2018
Goquo Pte. Ltd. operates platform for e-retailers and travel bookings. The product can be used to book flights, hotels, cars, and travel packages. Additionally the company ecommerce and mobile consultancy services. Goquo Pte. Ltd. was founded in 2002 and is based in Kuala Lumpur, Malaysia with additional offices in Coimbatore, India, Hanoi, Vietnam, Jakarta, Indonesia, and Istanbul, Turkey.

ErudiFi

Seed Round in 2018
ErudiFi is a mission-driven technology company focused on making education affordable in Southeast Asia. Operating as Danacita in Indonesia and Bukas in the Philippines, ErudiFi has helped secure funding for thousands of students through tech-enabled partnerships with leading universities and vocational schools. By improving access to education, we believe we can drive generational transformation and build a better tomorrow.

Elsa

Seed Round in 2018
ELSA is the most comprehensive, AI-powered English learning platform. ELSA now includes an AI Tutor, the most human-like experience in providing gen AI real-time conversations and in-depth feedback. ELSA also includes speaking lessons with personalized learning paths, test and interview preparation, as well as our Speech Analyzer feature that allows learners to record and receive a full performance assessment report and tutorial plan

Horangi

Series A in 2017
Horangi provides security software and services backed by a team of CREST-certified global cybersecurity experts in Asia. Its integrated cybersecurity platform is built to comprehensively secure organizations of all sizes with enterprise-grade technology in the cloud.

Saleswhale

Seed Round in 2017
Saleswhale develops an AI-driven conversational marketing platform. Its AI sales assistant engages and qualifies marketing-generated leads at scale, through two-way intelligent email conversations, before handing over qualified leads to sales reps.

Kulina

Seed Round in 2017
Kulina is an application for daily catering orders cooked by professional catering chefs and kitchens. Their platform includes connecting caterers or home cooks directly with the buyers with a pre-order system as well as offers an option to pay by online wallet, enabling users to optimize inefficiencies in the supply chain and logistics, making meals affordable and accessible.
Intelligent Video Solutions provides publishers and broadcasters with seamless and cost-effective video distribution, as well as a premium instream video marketplace for advertisers. It aims to create new revenue streams for publishers and advertisers by improving media engagement and delivering relevant video content to consumers in a friendly and less intrusive manner. The company offers a ready-to-use video solution that uses artificial intelligence (AI) and machine learning (ML) to improve monetization and consumer engagement.

KKday

Series A in 2016
KKday is a travel platform that facilitates access to authentic local tours and activities for travelers. It offers a wide range of experiences across numerous countries and cities, enabling users to easily search, discover, and book their ideal activities. The platform also supports travel suppliers in their digital transformation by providing tools for product management and order fulfillment.
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Ninja Van

Series B in 2016
Ninja Van is a growing startup in the logistics space, solving the last mile problem via a multitude of strategic tie-ups and a cutting-edge technology stack via our reactive and distributed systems. The service provides innovative technology-based solutions for reliable last-mile delivery, enabling easy package tracking.

Scalable Capital

Series A in 2016
Scalable Capital is on its way to becoming Europe’s leading digital investment platform. The fintech brings people and technology-based investing together with the goal of democratising financial investments. In addition to services for private investors (B2C), Scalable Capital pursues numerous cooperations with renowned business clients (B2B). The company is funded by BlackRock, Tencent, HV Capital, Tengelmann Ventures and other prominent investors.

Playlab

Series B in 2015
Playlab is a leading game developer & publisher that has grown from a handful of passionate gamers to a group of 80 and more enthusiasts striving to create the best games for iOS and Android devices along with Facebook. Founded in January 2012, the headquarters are based in Hong-Kong while the distribution is handled from Singapore. Their production sites are located in Bangkok, TH (Pocket PlayLab) and Manila, PHI (Anino PlayLab) and are respectively the homes of hit titles including Lost Cubes & Juice Cubes, and award winning games of the Games Festival (2004), International Mobile Game Awards (2006 and 2007), and Indie Games Showcase (2007). With more than 22 millions of downloads of their games across the world, they believe the amazing experience we give our players comes from the diversity and experience of their people.

Scalable Capital

Series A in 2015
Scalable Capital is on its way to becoming Europe’s leading digital investment platform. The fintech brings people and technology-based investing together with the goal of democratising financial investments. In addition to services for private investors (B2C), Scalable Capital pursues numerous cooperations with renowned business clients (B2B). The company is funded by BlackRock, Tencent, HV Capital, Tengelmann Ventures and other prominent investors.

ZipMatch

Series A in 2015
ZipMatch is an online marketplace that offers real-estate services for buyers, brokers, and real estate developers. Most of the problems in the Philippine real estate industry today can be sourced in the long, tiring, and complicated process for buyers and brokers. Fortunately, there’s ZipMatch.com, the first property matchmaker for buyers, brokers and real estate developers that can help simplify the process.
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Ninja Van

Series A in 2015
Ninja Van is a growing startup in the logistics space, solving the last mile problem via a multitude of strategic tie-ups and a cutting-edge technology stack via our reactive and distributed systems. The service provides innovative technology-based solutions for reliable last-mile delivery, enabling easy package tracking.
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