Quest Ventures


Quest Ventures is a venture capital firm founded in 2011 by James Tan and Wang Yunming in Beijing, China. The firm mainly focuses on digital commerce investments and has an office in Singapore. 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.

History

In 2011, James Tan and Wang Yunming, cofounders of Nasdaq listed 55tuan, 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, co-investor of the Cradle Fund, an approved mentor partner for investments of Enterprise Singapore, and is an iJAM investment partner with the National Research Foundation of Singapore.
Other notable figures in Quest Ventures include venture partners Bañón-Goh Yiping, cofounder of All Deals Asia and Chief Product Officer of MatahariMall.com, one of the largest ecommerce sites in Indonesia, and Jeffrey Seah, former CEO and Chairman of Starcom MediaVest Group, the third-largest global communications group.
In 2017, Quest Ventures was the title sponsor of the Quest Ventures-EDGE National Youth Entrepreneurship Awards.

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. The company characterizes digital commerce startups as companies that have “scalability and replicability in large internet communities.”
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. Vulcan Post has described James Tan, Managing Partner of Quest Ventures, as an investor with the Midas touch. The firm is typically the first investor in startups, and primarily looks at the team of founders when making an investment decision.