Telstra backs Monk's Hill Southeast Asia fund
Australia’s Telstra Ventures has made an LP commitment to Singapore-based Monk's Hill Ventures' debut Southeast Asia fund - which is targeting S$100 million ($80 million) - as part of an ongoing pivot to Asian venture capital.
"Normally we invest directly in companies," Matthew Koertge, managing director at Telstra, told The Sydney Morning Herald. "Investing in a fund like this is very different because we're basically committing...
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