SG’s Quest Ventures launches $50m early-stage SEA fund, promotes two to partners

From left to right: Quest Ventures managing partner James Tan and partners Goh Yiping and Jeffrey Seah

Quest Ventures is launching a $50-million fund targeting early-stage, digital commerce startups in Southeast Asia.

The Singapore-based venture capital has also named two new partners – Goh Yiping and Jeffrey Seah – who have been venture partners with the firm since 2016 and 2017 respectively.

Goh is the former CEO and co-founder of All Deals Asia. She was also the chief product officer and co-founder of MatahariMall.com, an Indonesian fashion e-commerce site backed by Lippo Group.

Seah was Southeast Asia CEO at Starcom Mediavest Group (SMG), and former CEO of Mindshare where he oversaw the Singapore, Malaysia and Indonesian markets.

Quest Ventures’ notable investments include Carousell, Carro, Eatsy, Ethis, 42Race, Glife, 99.co, ShopBack, SGAG/ MGAG/ PGAG, Spiking, Style Theory, Vulcan Post and Xfers. It has over 40 companies in its portfolio.

According to Quest Ventures’ website, the VC also runs innovation labs and corporate accelerators. It has also partnered companies globally on their corporate venture capital arms. Its clients include Nissan, VMWare, Yahoo, HP, Tencent and Coca Cola.

Also Read:

East Ventures leads $550k seed funding for food ordering app Eatsy

Singapore’s Carousell makes top hires to lead operations, strategy

Singapore’s auto marketplace Carro closes $60m Series B led by SoftBank Korea, others

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.