Peng T. Ong
Co-Founder & Managing Partner @ Monk’s Hill Ventures
Singapore, Singapore
Peng T. Ong is a seed investor at Monk’s Hill Ventures in Singapore focused on Software and Health Care. Peng is the Co-Founder and Managing Partner at Monk’s Hill Ventures, a leading early-stage tech venture capital firm in Southeast Asia. Peng is an industry veteran with over 25 years of industry as an entrepreneur, founder, and investor in Silicon Valley and in Asia. He is based in Indonesia and is a board member of Glints, ELSA, Intelligent VideoSolutions, STOQO and Escapex.Prior to Monk’s Hill Ventures, he was a Venture Partner at GSR Ventures in China. The firm is known for its successful investments in companies like Didi Chuxing and Qunar. As an entrepreneur, he co-founded a series of successful companies including Electric Classifieds (today known as Match.com), Interwoven and Eccentuate, which combined today generate over USD$1 billion in revenues annually.Peng is currently the Chairman of SolveEducation! and serves as a board member of the International Advisory Board for the University of Texas at Austin and SEA Founders.Peng earned a B.S. in Electrical Engineering from the University of Texas and an M.S. in Computer Science from the University of Illinois.
- Total investments:
- 19
- Last investment:
- Lead investor:
- 47%
Last updated:
For AI agents: llms.txt
Industries Peng T. Ong invests in
Stages Peng T. Ong invests in
Countries Peng T. Ong invests in
Round sizes
Round size
- Seed
- $600k–$5M
- Series A
- $3.1M–$16M
- Series B
- $6.6M–$20M
Investment Focus
Industry
- Software 3 (16%)
- Health Care 3 (16%)
- Mobile Apps 3 (16%)
- Accounting 2 (11%)
- Delivery Service 2 (11%)
Stage
- Seed 8 (42%)
- Series A 5 (26%)
- Series B 4 (21%)
- Series C 1 (5%)
- Series D 1 (5%)
Country
- Singapore 11 (58%)
- United States 3 (16%)
- Indonesia 1 (5%)
Investments
| Company | Description | Round | Links |
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Radiant 1 is a hotel industry-focused big data company providing revenue management services through the help of AI and Machine Learning.We provide the following tools: 1. Channel Management System 2. Revenue Management System 3. Customer Relationship and Email Marketing Management 4. Website booking Engine 5. Online Reviews Management 6.Analytics, Reporting, and Insights 7. Forecasting of demand, occupancy, and ratesWe are currently active in Singapore, Malaysia, and Thailand. | Seed / Nov 03, 2023 | |
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WeGoWhere is a social app that lets people build and manage their relationships, in person. | $1.2M / Seed / Jun 01, 2023 | |
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NOVI Health offers diabetes, weight management, and health screening services. They offer weight loss coaching and appointment services. | $5M / Series A / Nov 23, 2022 | |
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Starboard is an IT company that provides accounting, compliance, tax, and business advisory services. Starboard's technology gives customers their own client management dashboard, access to all communications and jobs in one location, and automation tools to help with all the tedious tasks. The Starboard platform, which is accessible on boththe web and mobile devices, promises to assist entrepreneurs with corporate, regulatory, and monetary issues related to doing business in international markets. | $3.5M / Seed / Sep 01, 2022 | |
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Glints is Southeast Asia’s largest talent platform for career development and recruitment. Founded in 2013 in Singapore, Glints has empowered more than 1.5 million professionals and 30,000 organizations to realize their human potential. Every day, we are helping organizations build great teams and pairing talent up with great opportunities, onematch at a time. | $50M / Series D / Aug 29, 2022 | |
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Dagangan is the trusted tech-enabled rural commerce platform that provides access to daily necessities at affordable prices to rural communities. We support producers and brand owners to penetrate deeper into the small towns and rural Indonesia to grow their business, by creating both digital and offline touchpoints for them to get better accessto various products and services. At the same time, we also empower micro-entrepreneurs in rural Indonesia to sell their local products and services through our platform, while improving their lives to become more economically self-sufficient. We are here to accelerate Indonesia’s economy by powering communities and providing greater economic opportunities for all. | $6.6M / Series B / Jun 03, 2022 | |
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Since the 1930s, the way we commute, socialise and even how we make payments have changed, and yet our fundamental approach to the healthcare system hasn’t. At Ordinary Folk, we’re reimagining the building blocks of healthcare, through Noah, Zoey and Cyrus. Noah allows men to receive remote diagnosis and treatment across varying areas of care.Through Zoey, women’s sexual wellness and fertility journeys are supported with thoughtful products and services. Cyrus, our modern logistics fleet makes ultra fast deliveries for medication with the help of AI. | $5M / Seed / Apr 21, 2022 | |
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Dagangan is the trusted tech-enabled rural commerce platform that provides access to daily necessities at affordable prices to rural communities. We support producers and brand owners to penetrate deeper into the small towns and rural Indonesia to grow their business, by creating both digital and offline touchpoints for them to get better accessto various products and services. At the same time, we also empower micro-entrepreneurs in rural Indonesia to sell their local products and services through our platform, while improving their lives to become more economically self-sufficient. We are here to accelerate Indonesia’s economy by powering communities and providing greater economic opportunities for all. | $11.5M / Series A / Sep 21, 2021 | |
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OSOME is a digital business assistant that offers online accounting services for small and medium businesses. It provides company incorporation, corporate secretary, accounting, and immigration services in Singapore, Hong Kong, UK. The company combines experience and personal care with the efficiency of artificial intelligence. Through automation,the company’s business model drives a step-change in both efficiency and customer satisfaction that leads to a high potential for growth and profitability.OSOME was founded in 2017 and is headquartered in Singapore, also has a presence in the United Kingdom, as well as Hong Kong. | $16M / Series A / Jun 10, 2021 | |
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Glints is Southeast Asia’s largest talent platform for career development and recruitment. Founded in 2013 in Singapore, Glints has empowered more than 1.5 million professionals and 30,000 organizations to realize their human potential. Every day, we are helping organizations build great teams and pairing talent up with great opportunities, onematch at a time. | $22.5M / Series C / Apr 05, 2021 | |
| See all 19 investments → | |||
Co-Investors
About Monk’s Hill Ventures
Founded in 2014 by entrepreneurs Peng T. Ong and Kuo-Yi Lim, Monk’s Hill Ventures (‘MHV’) is a venture capital firm investing in early-stage technology startups in Southeast Asia. Backed by institutional investors and family offices worldwide, MHV works with great entrepreneurs to use technology to improve the lives of millions of people in theregion.We take a first-principles approach in how we operate and make decisions at MHV. We break down ideas and business models to understand the fundamentals. Since our founding in 2014, Monk’s Hill Ventures has invested in more than 20 fast-growing startups spanning multiple business models and industry verticals. We look to work with founders in the early stages of the development of their businesses, and typically invest at the Series A stage. We are entrepreneurs backing entrepreneurs. This runs in our DNA. With the utmost respect for the founder, the firm is led by entrepreneurs and operators, CEOs, and CTOs of successful tech companies both in Asia and in Silicon Valley.Our footprint spans across Southeast Asia with on-the-ground teams in Singapore, Indonesia, Malaysia, Vietnam and Thailand. Our network comprises entrepreneurs, investors, former CEOs, engineers, academics, media and a team of operating advisors with strong domain expertise from cybersecurity, data science, financial services, to healthcare, to provide our founders with the right access and advice as they scale and build.
Monk’s Hill Ventures Contacts
| Name | Phone | Socials | |
|---|---|---|---|
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Peng T. Ong
Co-Founder & Managing Partner
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Ali Darwish
Head of Corporate Development
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Aswin Andrison
Venture Scout
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Justin Nguyen
Partner
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Kuo-Yi Lim
Co-Founder & Managing Partner
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FAQ
What does Peng T. Ong invest in?
Peng T. Ong invests primarily in Software, Health Care and Mobile Apps startups, most often at Seed and Series A stage. Most of the 19 investments tracked by Shizune back companies in Singapore. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is Peng T. Ong's check size?
Peng T. Ong typically joins rounds of $600k–$5M at Seed, $3.1M–$16M at Series A and $6.6M–$20M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Peng T. Ong participates in.
When did Peng T. Ong last invest?
The most recent investment recorded for Peng T. Ong closed in Nov 2023. Shizune tracks 19 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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