Monk’s Hill Ventures Launches $80M Early-Stage Fund For Asian Startups | TechCrunch
Summary
Monk’s Hill Ventures wants to help close the mentoring and post-seed stage VC funding gap for startups in Asia. Monk’s Hill Ventures will provide portfolio companies with early stage and Series A and B funding and also support startups from other parts of the world that want to expand into Asia. Jung was as venture partner at Global Founders Capital, a $200 million early stage fund, where he led the investment in Indonesian startup Traveloka. Combined, companies launched by Monk’s Hill Ventures’ partners have reached major Asian markets including China, Japan, India, and Indonesia. However, the more significant one that we see is the lack of seasoned entrepreneurs, with deep operating experience, as investors–people who can roll up their sleeves and really help entrepreneurs.” Image by Flickr user Les Haines used under a Creative Commons 2.0 license
