Monk’s Hill Ventures
Jakarta-based Fabelio believes it has what it takes to become the biggest online furniture marketplace in Indonesia.
Cisco Investments has announced a US$10-million investment into Singapore’s Monk’s Hill Ventures’ innovation fund for startups, which will focus on early-stage startups working on the cloud, the Internet of Everything (IoE), big data and analytics, mobility and enterprise applications in Asean.
DBS Bank has launched a programme to provide financing to tech startups, although it did not state how much capital is being set aside for this venture debt initiative.
Monk’s Hill Ventures (MHV), a fresh entrant to Asia’s venture capital scene, has launched with a S$100-million fund (US$80-million) venture fund founded on the concept of “entrepreneurs backing entrepreneurs.”