Quest Ventures

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]

Quest Ventures
TypePrivate Limited
IndustryVenture Capital
Founded2011
FounderJames Tan, Wang Yunming
HeadquartersSingapore
Area served
Southeast Asia
Websitewww.questventures.com

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. "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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