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///LATE STAGE • Sociolla • US$ 250M • Commerce///POLICY • Gold Export Duties: Progressive Reference-Price Ladder Kicks In///SERIES A • Hangry • US$ 10.5M • F&B///POLICY • Coal Export Tax 2026: Indonesia Signals a New Resource-Rent Phase///SERIES B • Honest • Undisclosed • Fintech///POLICY • Export FX Repatriation: Proceeds Routed Through State Banks From 2026///SEED • Arummi Foods • US$ 2M • F&B///POLICY • OJK POJK 4/2025: Financial Aggregators Move Into a Licensing Regime///PRE-SEED • IDRX • US$ 300k • Web3///POLICY • Finfluencer Rules: OJK Tightens Conduct Around Securities Marketing///SERIES C • Yup • US$ 32M • Fintech///POLICY • Dormant Accounts: New Standardization Changes Bank Data and Ops///LATE STAGE • Sociolla • US$ 250M • Commerce///POLICY • Gold Export Duties: Progressive Reference-Price Ladder Kicks In///SERIES A • Hangry • US$ 10.5M • F&B///POLICY • Coal Export Tax 2026: Indonesia Signals a New Resource-Rent Phase///SERIES B • Honest • Undisclosed • Fintech///POLICY • Export FX Repatriation: Proceeds Routed Through State Banks From 2026///SEED • Arummi Foods • US$ 2M • F&B///POLICY • OJK POJK 4/2025: Financial Aggregators Move Into a Licensing Regime///PRE-SEED • IDRX • US$ 300k • Web3///POLICY • Finfluencer Rules: OJK Tightens Conduct Around Securities Marketing///SERIES C • Yup • US$ 32M • Fintech///POLICY • Dormant Accounts: New Standardization Changes Bank Data and Ops
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Monk's Hill Ventures
VC

Singapore (offices: Jakarta, Ho Chi Minh City)| Est. N/D

Southeast Asia early-stage VC founded 2014 by Peng T. Ong and Kuo-Yi Lim. 55+ portfolio, 2 unicorns (Ninja Van, Scalable Capital). 130+ total investments. First principles approach.

StagePre-Series A
Ticket$2M - $10M
StatusActive

Investment Thesis

Monk's Hill Ventures (MHV) is a venture capital firm founded in 2014 by serial entrepreneurs Peng T. Ong and Kuo-Yi Lim. Investing at Pre-Series A and Series A in Southeast Asia. 55+ portfolio companies, 2 unicorns (Ninja Van, Scalable Capital), 6 exits via M&A. On-ground teams in Singapore, Indonesia, Vietnam, Thailand, Malaysia. 35+ staff including 12 investment professionals. Fund III ticket size $2-10M. First principles approach to investing.

Operating Model

  • 01Entrepreneur-backed entrepreneurs
  • 02Operating advisors with domain expertise
  • 03First principles investing
  • 04Founder-to-founder mentorship

Notable Investments

Ninja VanScalable CapitalKKdayELSAGlints

Verified Deal Flow (2019-2025)

StartupDateStageAmountSector
GajikuJan 2023SeedUS$ 1.1MHR Tech
GajikuJan 2022SeedUS$ 1.1MFintech
DaganganSep 2021Series AUS$ 11.5MCommerce
CrowdeMar 2021Series BUS$ 9MAgritech
LogislyNov 2020Series AUS$ 6MLogistics

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