Quest Ventures, ShipsFocus launch $7.5m maritime-focused fund 

Quest Ventures, ShipsFocus launch $7.5m maritime-focused fund 

(Left to right) Chye Poh Chua, maritime fund partner; James Kim, maritime fund operating partner; James Tan, Quest Ventures managing partner. Source: Quest Ventures.

Singapore-based early-stage venture capital firm Quest Ventures and Singapore-based maritime venture builder ShipsFocus have jointly launched a $7.5 million (S$10 million) fund to invest in early-stage maritime startups.

The fund, which raised capital from high net worth individuals and family offices, will issue cheques between S$250,000 and S$1 million in seed and Series A companies. It has invested in underwater robot maker BeeX so far, with two more in the pipeline, Quest Ventures managing partner James Tan told DealStreetAsia.

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