Singapore-based leading VC firm Monk’s Hill Ventures (MHV) today announced the launch of its Venture Scouts programme.
The programme comprises over 20 venture scouts, who will nurture and invest in high-growth pre-seed and seed startups across Indonesia, Vietnam, Singapore, Thailand, the Philippines, and Malaysia.
Also Read: Monk’s Hill Ventures head of talent’s guide to startup jobs search in Singapore
Monk’s Hill Ventures’s Venture Scouts community brings together exceptional founders, entrepreneurs, and operators with solid startup track records. They also represent a diverse range of backgrounds and experiences. The venture scouts include Bukalapak co-founder Achmad Zaky, Snapcart co-founder Araya Noon Hutasuwan, Zopim co-founder Royston Tay, R Fitness founder Gita Sjahrir, Pace Enterprise founder Turochas Fuad, and RAENA co-founder Sreejita Deb.
According to Monk’s Hill Ventures, one of the key differentiators is the strength of the Venture Scouts in the programme. “Each venture scout has a strong background/track record as a founder, operator, and entrepreneur, which we believe will add the most value to seed-stage startups and the tech ecosystem from day one,” said a spokesperson.
Venture Scouts are directly responsible for sourcing, vetting, and investing in startups. They invest across verticals and markets.
“The Southeast Asia tech ecosystem continues to evolve rapidly with brave founders emerging to reimagine traditional business models. At MHV, we believe in entrepreneurs backing entrepreneurs. Through this programme, we empower founders to support fellow founders from day one,” said Peng T. Ong, co-founder and managing partner of Monk’s Hill Ventures.
Also Read: A horse of another: Here’s the full list of Southeast Asia’s 22 unicorns
To date, Venture Scouts have made ten investments in verticals, including consumer, B2B, fintech, and sustainability. This includes Crystal Widjaja, CPO of Kumu, who recently invested in ADPList, a global mentoring platform, and John Tan, founder of Doyobi, who invested in Rocket Academy, an online coding boot camp.
—
Image Credit: Monk’s Hill Ventures
The post Exceptional founders to nurture, invest in promising startups as part of Monk’s Hill Ventures’s new programme appeared first on e27.