Singapore-based venture capital firm Monk’s Hill Ventures has closed its first fund at $85m, securing networking equipment manufacturer Cisco, telecommunications firm Telstra and internet company Yahoo Japan as limited partners, DealStreetAsia reported yesterday.
The fund, which closed above the firm’s initial target of $80m, has also been backed by Singapore’s sovereign wealth fund Temasek. Monk’s Hill began raising capital for the fund in 2013.
Cisco Investments, the investment division of Cisco, and Temasek invested in July 2015, a month…
