Quest Ventures

Last updated
Quest Ventures
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

Related Research Articles

<span class="mw-page-title-main">500 Global</span> U.S. startup accelerator

500 Global is an early-stage venture fund and seed accelerator founded in 2010 by Dave McClure and Christine Tsai. The fund admitted a first "class" of twelve startups to its incubator office in Mountain View, California in February 2011. They expanded to a second class of 21 in June 2011 and a third class of 34 in October 2011.

Catcha Group is an international Internet group founded by entrepreneur Patrick Grove. The Group controls a number of publicly listed and private media, new media, online classifieds and e-commerce businesses, and is one of the largest investors in the digital sector in emerging markets, notably ASEAN. Catcha Group and its related entities have completed over 50 investments either directly or indirectly, as sole, majority or minority shareholders.

Fenox Venture Capital is an American venture capital firm, headquartered in San Jose, California.

The ShopBack Group is Asia-Pacific’s leading shopping, rewards, and payments platform, serving over 38 million shoppers across ten markets. ShopBack offers a suite of products to their users - from Cashback through purchases both Online and In-Store, Vouchers and deals, as well as payment options.

Chope is a real-time restaurant-reservation booking platform that connects diners with its partner restaurants. The name “Chope” was inspired by the term chope spoken colloquially in Singapore. Chope charges restaurants fixed and per-diner fees for the use of its table booking system.

<span class="mw-page-title-main">Carousell (company)</span> Mobile and online marketplace

Carousell is a Singaporean smartphone and web-based consumer to consumer and business to consumer marketplace for buying and selling new and secondhand goods. Headquartered in Singapore, it also operates in Malaysia, Indonesia, the Philippines, Cambodia, Taiwan, Hong Kong, Macau, Australia, New Zealand and Canada. Carousell is available on both iOS and Android devices.

<span class="mw-page-title-main">Glints (platform)</span>

Glints is an online job recruitment platform headquartered in Singapore. The company was founded in August 2013 by Oswald Yeo, Looi Qin En and Seah Ying Cong. Through the website, users can apply for internships, full-time, part-time or project based positions with partnered companies.

AC Ventures (ACV) is a Southeast Asian venture capital firm that invests in early-stage startups focused on Indonesia and ASEAN, with over US$500 million in assets under management across five funds. The firm's mission is to empower entrepreneurs with more than just capital by combining operational experience, industry knowledge, deep local networks, and resources. ACV's team has invested in over 120 tech companies in the region since 2012. With a team of more than 35 professionals led by AAdrian Li, Michael Soerijadji, Helen Wong, and Pandu Sjahrir, it has offices in Jakarta and Singapore.

Oddup is a data-driven research platform that provides analytical information on startups, their trends, and both current and expected future valuations. It is self-styled as The Startup Rating System and the company states its vision is to disrupt equity research in private companies.

iPrice Group

iPrice Group Sdn Bhd is a privately owned online shopping aggregator based in Kuala Lumpur, Malaysia. The company is an online aggregator that simplifies a consumers shopping experience by allowing them to browse for products and compare prices from various online stores. iPrice is a funding and investment product of Asia Venture Group and currently operates in eight Asian countries; namely Hong Kong, Singapore, Indonesia, Philippines, Thailand, Vietnam, Malaysia and Australia. As of May 2017, iPrice hosts a catalogue of over 110 million products from over 1000 merchants across the region, including big e-commerce sites like Lazada and Zalora.

Asia Venture Group Sdn Bhd (AVG) is a private holding company investing in digital businesses. AVG invests in early stage companies, and has since inception, co-founded 4 companies: iMoney, TrustedCompany, iprice and HappyFresh. The company focuses on digitally scalable business models in Southeast Asia.

PT Gojek Indonesia is an Indonesian on-demand multi-service platform and digital payment technology group based in Jakarta. Gojek was first established in Indonesia in 2009 as a call center to connect consumers to courier delivery and two-wheeled ride-hailing services. Gojek launched its application in 2015 with only four services: GoRide, GoSend, GoShop, and GoFood. Valued at US$10 billion today, Gojek has transformed into a super app, providing more than 20 services.

Jirnexu Sdn Bhd (Jirnexu) is a Southeast Asian financial technology startup headquartered in Kuala Lumpur, Malaysia. The company provides technology to help financial institutions manage different stages of the customer journey: marketing, acquisition, fulfilment and retention. It currently has business-to-business (B2B) and business-to-consumer (B2C) operations in Malaysia and Indonesia.

Capital Match is a invoice financing platform for small and medium enterprises (SMEs) in Southeast Asia. Headquartered in Singapore, it operates an online platform for SMEs to seek funds from investors.

Nium is a Singapore-headquartered cross-border payments company. Initially founded by Prajit Nanu and Michael Bermingham, and launched as consumer-remittance platform Instarem in 2014. In 2016, the company introduced its B2B payments platform and rebranded as Nium in 2019, subsequently elevating Pratik Gandhi to co-founder in 2021.

Tenity is a startup incubator, accelerator and early-stage VC founded in 2016 in Zurich focused primarily on Fintech, Insurtech, Regtech and Deeptech. It provides incubation and acceleration programs helping startups to connecting with corporates, experts, mentors, and investors for early stage venture and late stage venture investing, and collaboration opportunities. The company currently has operating hubs in Zurich, Singapore, Madrid, and Tallinn.

<span class="mw-page-title-main">Business Angel Network of Southeast Asia</span> Venture capital company in Singapore

Business Angel Network of Southeast Asia (BANSEA) is an angel investment network based in Singapore that provides information to potential investors about newly established businesses. The stated goal of BANSEA is to create business opportunities for angel investors, and aid in the development of profitable business networks.

<span class="mw-page-title-main">Tech in Asia</span> Singaporean technology website

Tech in Asia is a Singapore- and Jakarta-based technology news website covering topics on startups and innovation in Asia. It has hosted annual conferences across the continent primarily in Singapore, Tokyo, and Jakarta since 2012. It was backed by Facebook co-founder Eduardo Saverin in 2015.

Gushcloud International is a global influencer, entertainment, and talent acquisition company. It is headquartered in Singapore and began in 2011.

Helicap is a Singapore-based fintech and investment company. It specialises in the private credit market in Southeast Asia.

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.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.