Quest Ventures Explained

Quest Ventures
Type:Private Limited
Industry:Venture Capital
Foundation:2011
Founder:James Tan, Wang Yunming
Location:Singapore
Area Served:Southeast Asia

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]

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

References

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

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