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
Private 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]

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] 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]

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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. "Pink Dot 2018: 99.co, e27, Wobe, Zopim, Quest Ventures Among Tech Founders & Investors Supporting Sponsorship Drive - Popspoken". Popspoken. 2018-04-09. Retrieved 2018-04-23.
  11. "A Singaporean acquisition story you have never heard". e27. Retrieved 2018-04-23.
  12. Low, Elizabeth. "Meet the CEOs: SMG's Jeffrey Seah". Marketing Interactive. Retrieved 2018-04-23.
  13. Tay, Vivienne. "Former Starcom head Jeffrey Seah ventures into blockchain technology space". Marketing Interactive. Retrieved 2018-04-23.
  14. "Speech by SMS Koh at the Quest Ventures-Edge National Youth Entrepreneurship Awards 2017" (PDF). www.nas.gov.sg. Retrieved 2018-04-23.
  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. Retrieved 2018-04-30.
  18. "Mobile classifieds startup Carousell makes first acquisition weeks after raising $35M – TechCrunch". techcrunch.com. 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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