Entrpreneurs backing entrepreneurs is what Monk’s Hill Ventures describes itself. The new S$100 million venture fund based out of Singapore and Jakarta is run by people with strong experiences in building and running companies in Southeast Asia as well as the United States. It aims to assist companies in the region with the required mentorship, funding, and guidance.
Continue reading Monk’s Hill Ventures Brings S$100 Million to the Table for Southeast Asian Startups
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Rocket Internet’s Half a Billion Dollar Round Set to Fuel Growth in Emerging Markets
We’ve just learned from TechCrunch that Rocket Internet has raised half a billion US dollars to fund its entire operations. That’s USD 500 million from Kinnevik and Access Industries, two of Rocket Internet’s partners and investors that regularly participate in various funding rounds over the last few years. The group’s largest and most successful ventures so far are in online stores and marketplaces although it does have companies in other fields.