Quest Ventures

Last updated
Quest Ventures
Company type Private Limited
Industry Venture Capital
Founded2011
FounderJames Tan, Wang Yunming
Headquarters Singapore
Area served
 Southeast Asia
Website www.questventures.com

Quest Ventures (formerly QuestVC) is a venture capital firm founded in 2011 by James Tan and Wang Yunming in Beijing, China. [1] [2] The firm mainly focuses on digital commerce investments and has an office in Singapore. [3] The firm deploys funds across Asia in countries such as Singapore, Malaysia, Vietnam, and Indonesia. Quest Ventures is also the largest anchor tenant at JTC Launchpad. [4]

Contents

History

In 2011, James Tan and Wang Yunming, cofounders of Nasdaq listed 55tuan, [5] launched a venture fund to focus on investments in China and Southeast Asia. The firm is active in supporting the operations of its portfolio companies. Quest Ventures is a partner of the Malaysia Digital Economy Corporation (MDEC), [6] co-investor of the Cradle Fund, [7] an approved mentor partner for investments of Enterprise Singapore, [8] and is an iJAM investment partner with the National Research Foundation of Singapore. [9]

In 2017, Quest Ventures was the title sponsor of the Quest Ventures-EDGE National Youth Entrepreneurship Awards. [10]

In 2020, Quest Ventures announced a partnership with ScaleUp Malaysia Accelerator to invest in Malaysian startups. [11]

As of 2022, Quest Ventures has launched 3 thematic funds and invested in more than 100 companies around the world. [12] [13] [14]

Investments

The firm invests primarily in early-stage digital commerce startups that are based in Southeast Asia. It invests in the “seed” and “series A” stage. [15] The company characterizes digital commerce startups as companies that have “scalability and replicability in large internet communities.” [16]

Quest Ventures has invested in more than 100 companies since its founding, including Carousell, BILLZ, 99.co, Burpple, Watch Over Me, ShopBack and NodeFlair in Southeast Asia. [17] [18] Vulcan Post has described James Tan, Managing Partner of Quest Ventures, as an investor with the Midas touch. [19] The firm is typically the first investor in startups, and primarily looks at the team of founders when making an investment decision. [20]

See also

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References

  1. ↑ "世界500强企业"八桂行" 500强企业广西寻觅商机-广西新闻网". news.gxnews.com.cn. Retrieved 2018-04-23.
  2. ↑ ""Winter is coming" - Chinese startups face market downturn". Fortune. Retrieved 2018-04-30.
  3. ↑ "Singapore". singapore.startupweekend.org. Retrieved 2018-04-23.
  4. ↑ Cheok, Jacquelyn. "JTC LaunchPad has grown into dynamic startup ecosystem: NUS study". The Business Times. Retrieved 2018-04-23.
  5. ↑ hermes (2016-10-16). "To do an MBA or not, that is the question". The Straits Times. Retrieved 2018-04-23.
  6. ↑ "BERNAMA.com - MDEC Inks MoUs With Foreign Venture Capitalists To Develop Funding Ecosystem". www.bernama.com. Retrieved 2018-04-23.
  7. ↑ "ECF players, Quest Ventures as co-investors with Cradle". www.dealstreetasia.com. Retrieved 2018-04-23.
  8. ↑ "Singapore wants to find tomorrow's star founders with private sector mentorship". www.techinasia.com. Retrieved 2018-04-23.
  9. ↑ "How to get a government grant to kickstart your tech idea in Singapore". www.techinasia.com. Retrieved 2018-04-23.
  10. ↑ "Speech by SMS Koh at the Quest Ventures-Edge National Youth Entrepreneurship Awards 2017" (PDF). www.nas.gov.sg. Retrieved 2018-04-23.
  11. ↑ team, BOTS (2020-09-10). "#TECH: ScaleUp Malaysia partners Asia's Quest Ventures to globalise local solutions | New Straits Times". NST Online. Retrieved 2020-11-21.
  12. ↑ Wang, Catherine. "SoftBank Ventures Asia Leads $5.8 Million Investment In Korean Autonomous Shipping Startup". Forbes. Retrieved 2023-03-19.
  13. ↑ "Quest Ventures, ShipsFocus launch $7.5m maritime-focused fund". DealStreetAsia. Retrieved 2023-03-19.
  14. ↑ "Singapore's Quest Closes First Round of $50 Million Venture Fund". Bloomberg.com. 2020-04-16. Retrieved 2023-03-19.
  15. ↑ "Online Pitch: Quest Ventures". www.techinasia.com. Retrieved 2018-04-23.
  16. ↑ "Meet 27 more investors participating in TOP100 2018". e27. Retrieved 2018-04-23.
  17. ↑ "Food Discovery App Burpple Now Available On Android – TechCrunch". techcrunch.com. 5 February 2013. Retrieved 2018-04-30.
  18. ↑ "Mobile classifieds startup Carousell makes first acquisition weeks after raising $35M – TechCrunch". techcrunch.com. September 2016. Retrieved 2018-04-30.
  19. ↑ Chan, Melissa (2017-03-06). "S'pore Startup Founders Talk About Their First Investors, And The Meetings That Started It All". Vulcan Post. Retrieved 2018-04-23.
  20. ↑ Banerjee, Sneha (2016-07-07). "Indian Startup Ecosystem Versus China – There Are More Similarities Than Differences". Entrepreneur. Retrieved 2018-04-30.
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