Telstra has provided $7m for the $80m Southeast Asian fund being raised by Singapore-based Monk's Hill Ventures, joining LPs already including Cisco and Yahoo Japan.
Australia-based telecommunications firm Telstra has committed about A$10m ($7m) to the $80m fund being raised by Singapore-based venture capital firm Monk’s Hill Ventures, the Sydney Morning Herald reported on Sunday.
The fund will look to invest in Southeast Asia-based startup companies specialising in cloud software, internet of things, mobility, enterprise, big data and analytics technology.
Limited partners in the fund already include networking technology provider Cisco, internet company Yahoo Japan, which invested through its YJ Capital subsidiary, and Singaporean sovereign…
