Entrepreneur-backed Monk’s Hill Ventures debuts with US$80mil fund
Focus on early-degree, Series A and B, and boom-degree startups in SEA Founded on the concept of 'entrepreneurs backing marketers' MONK'S Hill Ventures (MHV), a clean entrant to Asia’s venture capital scene, has released with a S$100-million fund (US$eighty-million) mission fund based on the idea of “entrepreneurs backing marketers.” The task fund was considered one of six VC firms chosen from 32 proposals, by using the Singapore Government for the Early Stage Venture Fund (ESVF) scheme, run by way of the island-republic's National Research Foundation (NRF), which sits below the Prime Minister’s Office. Under the ESVF, the NRF will invest S$10 million (US$eight million) on a one-to-one matching basis with every of the chosen VCs, capitalising a complete fund length of S$one hundred twenty million (US$ninety five.6 million) for early stage investments. The other five VCs are Jungle Ventures, SBI Ven Capital, Walden International, New Asia Investments and Go...