Company:Quest Ventures
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| Type | Private Limited |
|---|---|
| Industry | Venture Capital |
| Founded | 2011 |
| Founder | James Tan, Wang Yunming |
| Headquarters | Singapore |
Area served | Southeast Asia |
| Website | www |
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]
Other notable figures in Quest Ventures include venture partners Bañón-Goh Yiping,[10] cofounder of All Deals Asia and Chief Product Officer of MatahariMall.com, one of the largest ecommerce sites in Indonesia,[11] and Jeffrey Seah, former CEO (Southeast Asia) and Chairman (Asia Digital Leadership Team) of Starcom MediaVest Group, the third-largest global communications group.[12][13]
In 2017, Quest Ventures was the title sponsor of the Quest Ventures-EDGE National Youth Entrepreneurship Awards.[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 30 companies since its founding, including Carousell, 99.co, Burpple, Watch Over Me, and ShopBack in Southeast Asia.[17][18][19] Vulcan Post has described James Tan, Managing Partner of Quest Ventures, as an investor with the Midas touch.[20] The firm is typically the first investor in startups, and primarily looks at the team of founders when making an investment decision.[21]
See also
References
- ↑ "世界500强企业“八桂行” 500强企业广西寻觅商机-广西新闻网". http://news.gxnews.com.cn/staticpages/20111206/newgx4edd501d-4411957-2.shtml.
- ↑ ""Winter is coming" - Chinese startups face market downturn" (in en). Fortune. http://fortune.com/2015/09/10/winter-is-coming-the-market-turns-down-for-chinese-startups/.
- ↑ "Singapore" (in en). http://singapore.startupweekend.org/2012/02/15/singaporean-startup-scene-getting-attention-from-vcs-in-china/.
- ↑ Cheok, Jacquelyn. "JTC LaunchPad has grown into dynamic startup ecosystem: NUS study" (in en). The Business Times. http://www.businesstimes.com.sg/technology/jtc-launchpad-has-grown-into-dynamic-startup-ecosystem-nus-study.
- ↑ hermes (2016-10-16). "To do an MBA or not, that is the question" (in en). The Straits Times. http://www.straitstimes.com/business/invest/to-do-an-mba-or-not-that-is-the-question.
- ↑ "BERNAMA.com - MDEC Inks MoUs With Foreign Venture Capitalists To Develop Funding Ecosystem". http://www.bernama.com/en/business/news.php?id=1296887.
- ↑ "ECF players, Quest Ventures as co-investors with Cradle". http://www.dealstreetasia.com/stories/cradle-fund-45329/.
- ↑ "Singapore wants to find tomorrow’s star founders with private sector mentorship" (in en-US). https://www.techinasia.com/startup-sg-founder-grant-amps.
- ↑ "How to get a government grant to kickstart your tech idea in Singapore" (in en-US). https://www.techinasia.com/talk/ijam-government-grant-kickstart-tech-idea-singapore.
- ↑ "Pink Dot 2018: 99.co, e27, Wobe, Zopim, Quest Ventures Among Tech Founders & Investors Supporting Sponsorship Drive - Popspoken" (in en-US). Popspoken. 2018-04-09. http://popspoken.com/lgbtq/2018/04/pink-dot-2018-99-co-e27-wobe-zopim-quest-ventures-among-tech-founders-investors-supporting-sponsorship-drive.
- ↑ "A Singaporean acquisition story you have never heard" (in en-US). e27. https://e27.co/over-a-year-after-ink-dries-lippo-group-goes-public-with-alldealsasia-acquisition-20160410/.
- ↑ Low, Elizabeth. "Meet the CEOs: SMG’s Jeffrey Seah" (in en-US). Marketing Interactive. http://www.marketing-interactive.com/meet-ceos-smgs-jeffrey-seah/.
- ↑ Tay, Vivienne. "Former Starcom head Jeffrey Seah ventures into blockchain technology space" (in en-US). Marketing Interactive. http://www.marketing-interactive.com/former-starcom-head-jeffrey-seah-ventures-into-blockchain-technology-space/.
- ↑ "Speech by SMS Koh at the Quest Ventures-Edge National Youth Entrepreneurship Awards 2017". http://www.nas.gov.sg/archivesonline/data/pdfdoc/20171117011/Embargoed%20speech%20by%20SMS%20Koh%20at%20the%20NYEA%20.pdf.
- ↑ "Online Pitch: Quest Ventures" (in en-US). https://www.techinasia.com/talk/online-pitch-quest.
- ↑ "Meet 27 more investors participating in TOP100 2018" (in en-SG). e27. https://e27.co/27-investors-participating-top100-2018-20180130/.
- ↑ "Quest Ventures | Crunchbase" (in en). https://www.crunchbase.com/organization/questventures.
- ↑ "Food Discovery App Burpple Now Available On Android – TechCrunch" (in en-US). https://techcrunch.com/2013/02/04/food-discovery-app-burpple-now-available-on-android/.
- ↑ "Mobile classifieds startup Carousell makes first acquisition weeks after raising $35M – TechCrunch" (in en-US). https://techcrunch.com/2016/09/01/mobile-classifieds-startup-carousell-makes-first-acquisition-weeks-after-raising-35m/.
- ↑ Chan, Melissa (2017-03-06). "S'pore Startup Founders Talk About Their First Investors, And The Meetings That Started It All" (in en-US). Vulcan Post. https://vulcanpost.com/601761/singapore-startup-investors/.
- ↑ Banerjee, Sneha (2016-07-07). "Indian Startup Ecosystem Versus China – There Are More Similarities Than Differences" (in en). Entrepreneur. https://www.entrepreneur.com/article/278682.
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