Monk’s Hill Ventures

Monk's Hill Ventures, founded in 2014 by Peng T. Ong and Kuo-Yi Lim, is a Singapore-based venture capital firm that specializes in early-stage technology investments across Southeast Asia. The firm targets promising startups at the pre-Series A and Series A stages, focusing on sectors such as health tech, edtech, software, media, insurtech, e-commerce, fintech, and big data. Backed by global institutional investors and family offices, Monk's Hill Ventures emphasizes a first-principles approach to investment, breaking down ideas and business models to understand their fundamentals. The firm is characterized by its network of experienced entrepreneurs, operators, and advisors who provide valuable insights and guidance to founders. With a presence in key Southeast Asian markets including Singapore, Indonesia, Malaysia, Vietnam, and Thailand, Monk's Hill Ventures aims to support startups that leverage technology to improve lives across the region.

Justin Nguyen

Partner

Past deals in Indonesia

DELOS

Series A in 2023
DELOS is a science-driven aqua-tech company that designs and operates aquafarms seeking to disrupt the traditional and fragmented aquaculture industry in Indonesia. The Company aims to jumpstart what it calls the “Blue Revolution”. The vision is to help progress Indonesia into an international aquaculture-based seafood production powerhouse within the next decade. The revolution will be a radical shift to drive the growth and modernization of the ~US$ 2.5 billion Indonesian aquaculture industry and further its integration into the global seafood supply chain. DELOS has successfully launched its farming-as-a-service product, AquaHero, a full-stack farm productivity system that combines scientific expertise, technology, and operational excellence to boost farm productivity and profitability. AquaHero utilizes top-class data collection methods and a cutting-edge biological model to predict and mitigate harvest risk, a model that will be trained on hundreds of shrimp ponds within the DELOS ecosystem across Indonesia. DELOS has also launched AquaLink, a harvesting and logistics platform that allows it to capture and provide sustainable and traceable seafood supply downstream in the value chain. The company is currently responsible for producing and distributing thousands of tons of shrimp annually, and has taken steps to integrate its supply into the US$ 300 billion global seafood market. DELOS aims to ensure the traceability and sustainability of its supply chain to streamline global integration. The company has, thereby, embedded sustainable practices into its operations, and will allow stakeholders visibility into its supply chain through its AquaHero and AquaLink platforms.

Dagangan

Series B in 2022
Dagangan is a technology-driven rural commerce platform focused on providing affordable access to daily necessities for rural communities in Indonesia. By facilitating connections between producers and consumers, Dagangan enables businesses to penetrate deeper into smaller towns and rural areas, supporting their growth through both digital and offline channels. The platform adopts a hub-and-spoke distribution model, allowing rural consumers to purchase essential products from a network of suppliers efficiently. Additionally, Dagangan empowers micro-entrepreneurs in these communities to sell local products and services, enhancing their economic self-sufficiency. Through its initiatives, Dagangan aims to accelerate economic development in Indonesia by fostering greater opportunities for all involved.

Credibook

Series A in 2022
Credibook is a startup focused on assisting Indonesian retail wholesalers in managing their financial operations through a digital debt logbook application. This platform aims to streamline the tracking of receivables and payables, enhancing the efficiency of inventory sourcing within the supply chain. The application offers various services, including debt record management, accounts payable and receivable tracking, personal debt management, and reminders for overdue payments. By digitizing these financial processes, Credibook enables business owners to effectively manage their operations using technology. The company plans to expand its reach across Indonesia and diversify its offerings to serve additional business sectors.

Dagangan

Series A in 2021
Dagangan is a technology-driven rural commerce platform focused on providing affordable access to daily necessities for rural communities in Indonesia. By facilitating connections between producers and consumers, Dagangan enables businesses to penetrate deeper into smaller towns and rural areas, supporting their growth through both digital and offline channels. The platform adopts a hub-and-spoke distribution model, allowing rural consumers to purchase essential products from a network of suppliers efficiently. Additionally, Dagangan empowers micro-entrepreneurs in these communities to sell local products and services, enhancing their economic self-sufficiency. Through its initiatives, Dagangan aims to accelerate economic development in Indonesia by fostering greater opportunities for all involved.

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 technology company dedicated to making education more affordable in Southeast Asia. Operating under the names Danacita in Indonesia and Bukas in the Philippines, ErudiFi provides an education financing platform that assists students in obtaining low-interest educational loans. The platform enables users to apply for loans online, with approval based on factors such as family income, area of study, and academic merit. By streamlining the application process and minimizing documentation requirements, ErudiFi has facilitated funding for thousands of students, thereby enhancing access to education and contributing to long-term societal transformation.

Crowde

Series A in 2019
CROWDE is a technology and financial company focused on agriculture, aiming to support over 30 million Indonesian farmers by providing essential business infrastructure. The company operates a peer-to-peer lending and crowdfunding platform that connects farmers with retail investors, enabling them to raise capital for their farming operations. CROWDE offers access to financing, cost-effective agricultural inputs, and data-driven market insights, while also facilitating efficient logistics for fresh produce and developing markets for farmers' products. By integrating various components of the agricultural ecosystem—from suppliers to customers—CROWDE enhances the overall efficiency and sustainability of agriculture in Indonesia. The company's mission is driven by a commitment to empower both farmers and investors, fostering a collaborative environment for agricultural growth and innovation.

STOQO

Series A in 2018
STOQO Technology operates an online marketplace tailored for small restaurant and hotel owners in Indonesia, enabling them to bulk source raw materials directly from manufacturers at competitive prices. Founded in 2016 and based in Jakarta, the company offers a platform that simplifies the procurement process for culinary businesses by providing a wide range of supplies, including food ingredients, beverages, and cleaning products. Through its application, users can efficiently manage their sourcing needs, allowing them to focus more on customer service and operational efficiency. By connecting food industry players with major manufacturers and distributors, STOQO aims to streamline back-end operations and enhance the overall supply chain for its clients.

Waresix

Seed Round in 2018
Waresix is a logistics platform based in Jakarta, Indonesia, that specializes in freight forwarding, warehousing, and land transportation. The platform facilitates the connection between business owners and professional warehouse operators, allowing users to access on-demand warehouse services. Waresix addresses the growing demand for flexible warehousing solutions, particularly in the expanding e-commerce market. By matching unused warehouse space with businesses in need, the platform enables clients—including retailers, distributors, and manufacturers—to effectively manage inventory, adapt to variable demand, and streamline operations through features such as documentation management and billing.

GoQuo

Series B in 2018
GoQuo Pte. Ltd. is a company that operates a travel booking platform, providing a comprehensive e-commerce solution for airlines and online travel agencies (OTAs). Founded in 2002 and headquartered in Kuala Lumpur, Malaysia, with additional offices in India, Vietnam, Indonesia, and Turkey, GoQuo specializes in creating personalized digital shopping experiences for its clients. The platform allows users to book flights, accommodations, car rentals, and travel packages, while also offering ancillary products such as travel insurance. With its cloud-based architecture, GoQuo can quickly adapt to changing market demands and regional trends, facilitating a faster time to market for its clients compared to traditional booking systems. The company aims to enhance ancillary revenue for its customers by enabling them to become successful e-retailers.

ErudiFi

Seed Round in 2018
ErudiFi is a technology company dedicated to making education more affordable in Southeast Asia. Operating under the names Danacita in Indonesia and Bukas in the Philippines, ErudiFi provides an education financing platform that assists students in obtaining low-interest educational loans. The platform enables users to apply for loans online, with approval based on factors such as family income, area of study, and academic merit. By streamlining the application process and minimizing documentation requirements, ErudiFi has facilitated funding for thousands of students, thereby enhancing access to education and contributing to long-term societal transformation.
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